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File: '\\swfile\EmailIn\20251201 064303 Attachment Harrys Manufacturing Inc. - News Release - Management Cease Trade Order.docx'
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HARRYS ANNOUNCES DELAY IN FILING AUDITED ANNUAL FINANCIAL STSATEMENTS
Vancouver, British Columbia, December 1, 2025 - Harrys Manufacturing Inc. (CSE: HARY) (the "Company", "Harrys", "we" or "our" or "us"), a national cigarette company in Canada, announces that the filing of its audited annual financial statements for the year ended July 31, 2025, including the related management discussion and analysis, and Chief Executive Officer and Chief Financial Officer certifications (collectively, the "Annual Financial Filings") were not filed by the required filing deadline of November 28, 2025 (the "Filing Deadline").
The Annual Financial Filings will not be filed before the Filing Deadline because the Company was previously facing a working capital deficiency but has since secured additional funds from its most recent financing, as announced on November 3, 2025, and now has sufficient funds to proceed with its audit. The Company is working diligently with its auditors and the Company anticipates that it will be able to file the Annual Financial Filings by January 16, 2026.
Pursuant to National Policy 12-203 Management Cease Trade Orders ("NP 12-203") the Company has voluntarily applied to the applicable securities regulatory authorities and received a management cease trade order related to the Company's securities to be imposed against the Chief Executive Officer and Chief Financial Officer of the Company to trade securities of the Company (the "MCTO"). The MCTO will be in effect until the Annual Financial Filings are filed.
All other securityholders will still be able to trade in the securities of the Company in accordance with applicable securities laws. Until the Annual Financial Filings are filed and the MCTO has been revoked, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing default status reports in the form of further press releases every two weeks
About Harrys:
Harrys provides value to its shareholders by meeting the preferences of adult tobacco consumers who seek a high-quality Canadian product at an affordable price. With over 15 years of industry experience, Harrys' management team collaborates with distribution and retail partners who prioritize their customers' needs.
ON BEHALF OF THE BOARD
Nick Brusatore
CEO
For further information, please contact:
Corporate Communications
Telephone: 604-356-0411
Email: harrysmfg@gmail.com
www.harrysmfg.com
Information in this news release concerning the Company's products is intended for the exclusive use of market investors and is not in any way intended to promote tobacco products to consumers, which is prohibited by Canadian law.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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