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Hollister Biosciences Inc
Symbol HOLL
Shares Issued 191,441,994
Close 2020-06-30 C$ 0.11
Recent Sedar Documents

Hollister Biosciences remains under MCTO

2020-06-30 18:09 ET - News Release

Mr. Carl Saling reports

HOLLISTER BIOSCIENCES UPDATES STATUS OF FILING ANNUAL FINANCIAL STATEMENTS

Further to Hollister Biosciences Inc.'s news releases of June 2, 2020, and June 15, 2020, the company's principal regulator, the British Columbia Securities Commission, granted a management cease trade order (MCTO) on June 16, 2020, under National Policy 12-203, Management Cease Trade Orders.

Pursuant to the MCTO, the chief executive officer and the chief financial officer may not trade in securities of the company until such time as the company files its annual audited financial statements for the year ended Dec. 31, 2019, its management's discussion and analysis, and the related certifications, and the commission revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.

The company's board of directors and management confirm that they are working expeditiously to file the required documents and confirm that since the company's news release dated June 15, 2020, there is no other material information respecting the company's affairs that has not been generally disclosed.

Until the required documents have been filed, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing biweekly default status reports in the form of further news releases for so long as the company remains in default of the financial statement filing requirement.

About Hollister Biosciences Inc.

Hollister is a multistate cannabis company with a vision to be the sought-after premium brand portfolio of innovative, high-quality cannabis and hemp products.

We seek Safe Harbor.

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