TORONTO, June 2, 2022
/CNW/ - GreenSpace Brands Inc. ("GreenSpace" or the "Company")
(TSXV: JTR), a leader within the organic and plant-based food
industry, is announcing today that it has initiated a review of
strategic alternatives to enhance shareholder value which will
consider a range of potential strategic alternatives. The Company
has engaged financial advisors to assist in the review. There
can be no assurances that the exploration of strategic alternatives
will result in any transaction. GreenSpace does not intend to
discuss or disclose developments with respect to the process unless
and until it is otherwise determined that further disclosure is
appropriate or required by regulation or law. No formalized
timetable has been established for the completion of the strategic
review.
ABOUT GREENSPACE BRANDS
INC.:
GreenSpace is a North American organic and plant-based food
business that develops, markets and sells premium food products to
consumers within the fast-growing natural and organic food
categories. GreenSpace owns LOVE CHILD ORGANICS, a producer of 100%
organic food for infants and toddlers made with natural and
nutritionally-rich ingredients, CENTRAL ROAST, a clean snacking
brand featuring a wide assortment of organic nut and seed mixes and
GO VEGGIE, one of the pioneers and leaders in the US plant-based
dairy market. All brands are wholly-owned and are sold in a
variety of online, natural and retail grocery locations.
For more information, visit www.greenspacebrands.ca and
GreenSpace's filings are also available at
www.SEDAR.com.
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION:
This news release may contain forward-looking statements or
"forward-looking information" within the meaning of applicable
Canadian securities laws ("forward-looking statements"). Often, but
not always, forward-looking statements can be identified by the use
of words such as "plans", "expects" or "does not expect", "is
expected", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or describes a "goal", or
variation of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown risks
and uncertainties, All of the Company's forward-looking statements
are qualified by the assumptions that are stated or inherent in
such forward-looking statements, including the assumptions listed
below. Although the Company believes that these assumptions are
reasonable, certain factors are beyond the control of the Company,
including, but not limited to, the failure of third parties to
comply with their obligations to the Company or its affiliates; the
impact of new and changes to, or application of, current laws and
regulations; critical accounting estimates and changes to
accounting standards, policies, and methods used by the Company;
the occurrence of natural and unnatural catastrophic events and
claims resulting from such events; and risks related to COVID-19
including various recommendations, orders and measures of
governmental authorities to try to limit the pandemic, including
travel restrictions, border closures, nonessential business
closures, quarantines, self-isolations, shelters-in-place and
social distancing; and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements, including the risks
identified in the Company's disclosure documents. There can be no
assurance that such forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking
statements. All forward-looking statements contained in this press
release is given as of the date hereof and is based upon the
opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE GreenSpace Brands Inc.