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Vanity Capital to resume at July 23 open

2019-07-22 19:16 ET - Resume Trading

Mr. Nicholas Segounis reports


Vanity Capital Inc. common shares will resume trading on the TSX Venture Exchange on market open on Tuesday, July 23, 2019.

The board of directors continues to discuss and review potential strategic transactions and acquisition opportunities. It believes Vanity is well positioned to complete a transaction quickly with a U.S. or Canadian entity should a suitable transaction be identified. In a special meeting held in March, 2019, the shareholders of Vanity approved the updating of Vanity's articles, the creation of Class A compressed shares and the adoption of a new stock incentive plan.

The shareholders also provided the board's discretion to delist from the TSX Venture Exchange and list the common shares to either the NEO or Canadian Securities Exchange if required to accommodate a transaction involving the U.S. cannabis or hemp industry.

Nick Segounis, the chief executive officer of the company, said: "It may take some time, but we are looking for a transaction that we believe will add real value for our shareholders. Our relationship with our shareholders is important to us and we are actively searching for the best opportunity to advance their interests."

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