CALGARY,
AB, June 26, 2024 /CNW/ -
The Hempshire Group, Inc. (TSXV: HMPG)
("Hempshire" or the
"Company")
advises that its annual general meeting of
shareholders will be held on Tuesday,
September 17, 2024 at 10:00 a.m.
(Mountain time). Details of the agenda and a link to the
meeting will be included in the Company's management information
circular to be mailed to the Company's registered shareholders and
filed on SEDAR+ in connection with the meeting.
Hempshire also provides an update with
respect to the management cease trade order (the
"MCTO") issued by the Alberta Securities
Commission (the "ASC") on May 9, 2024. The MCTO was issued in connection
with the filing of its annual financial statements, management's
discussion and analysis and related certifications for the
financial year ended December 31,
2023 (collectively, the "Annual
Filings"). The MCTO does not affect the ability of
shareholders who are not insiders of the Company to trade their
securities.
The Company went through a CFO transition
which has caused delays, however the Company is continuing to work
on the steps required to complete the Annual Filings and its
interim financial statements, management's discussion and analysis
and related certifications for the three month period ended
March 31, 2024 (the "Interim
Filings") and expects to file the Annual Filings and the
Interim Filings by July 12, 2024. The
Company has requested that the ASC permit the MCTO to remain in
place until July 12, 2024
The Company is providing this status update
in accordance with the provisions of the Alternative Information
Guidelines set out in National Policy 12-203 Management Cease Trade
Orders.
The Company also announces it has received
the final acceptance of the TSX Venture Exchange with respect to
the debt settlement transaction disclosed in the Company's
May 21, 2024 press
release.
The Company confirms as of the date of this
news release that, except as disclosed in this news
release, there has been no material change in the
information contained in the announcements issued on May 1, 2024, May 21,
2024 and June 10, 2024 and
there is no other material information concerning the affairs of
the Company that has not been generally disclosed.
About Hempshire
Hempshire formulates and markets its own
proprietary brands under the MOUNTAIN® Smokes brand name, including
MOUNTAIN® Originals hemp smokes with <0.3% THC.
Information about the Company's MOUNTAIN®
Smokes line of hemp smokes can be found at the Company's ecommerce
website at
https://mountainsmokes.com.
Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking
Statements
This news release contains
forward-looking statements and forward-looking information within
the meaning of applicable securities laws. The use of any of the
words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify
forward-looking information or statements. More particularly, and
without limitation, this news release contains forward-looking
statements and information concerning: Hempshire's business,
strategies, expectations, planned operations and future
actions; the anticipated filing of the Annual
Filings and the Interim Filings; and the timing of the Company's
annual general meeting.
Hempshire believes that the expectations
and assumptions on which such forward-looking statements and
information are based are reasonable, undue reliance should not be
placed on the forward-looking statements and information because
Hempshire can give no assurance that they will prove to be correct.
By its nature, such forward-looking information is subject to
inherent risks and uncertainties, which could cause the actual
results and expectations to differ materially from the anticipated
results or expectations expressed.
SOURCE The Hempshire Group, Inc.
