An anonymous director reports
CANNABIS ONE HOLDINGS INC. PROVIDES UPDATE ON FINANCIAL FILINGS
Cannabis One Holdings Inc. is providing an update to its shareholders and investors about a halt in trading related to the late filing of the company's quarterly financial statements. The company's international footprint left it particularly vulnerable to the COVID-19 interruptions, as its officers and directors are spread out over Canada and the United States, and these disruptions have caused certain financial information preparation delays. Cannabis One, its management, auditor and bookkeepers are currently working to finalize the statements, and the company expects to complete both the annual financials and the quarterly financials, along with the corresponding management's discussion and analysis and certificates, on or about July 17, 2020. Until the financial statements are filed, the B.C. Securities Commission has decided to issue a cease trade order, which is expected to be lifted once Cannabis One files the financial statements.
About Cannabis One Holdings Inc.
Cannabis One is focused on aggregating and optimizing popular cannabis brands throughout North America. With its unique, franchise-ready retail brand, the Joint, and through targeted acquisition and partnership opportunities, Cannabis One intends to become the premier, globally recognized house of brands, holding a client portfolio of award-winning products with an extensive market footprint. Through the company's the Joint retail concept, Cannabis One intends to leverage the consumer and brand data harvested from its retail locations to bring data-driven analytics to an emerging, branded industry. For consumers, Cannabis One desires to become the definitive source for unparalleled product selection and renowned service in an otherwise fragmented market.
We seek Safe Harbor.
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