VANCOUVER, BC, Dec. 31, 2020 /CNW/ – Physique and Thoughts Inc. (CSE: BAMM) (OTCQB: BMMJ) (the “Firm” or “BaM“) needs to announce that its interim monetary statements for the three month interval ended October 31, 2020, together with the associated administration dialogue and evaluation, and CEO and CFO certifications (collectively, the “October 31, 2020 Interim Monetary Filings“) weren’t filed as required beneath Canadian securities laws by the required submitting deadline of December 30, 2020.
The Firm has decided that it was not in a position to meet the December 30, 2020 submitting deadline (the “Submitting Deadline“) beneath Canadian securities laws for the October 31, 2020 Interim Monetary Filings. Though the assessment course of is progressing, the Firm anticipates some delays in finishing the assessment course of, such that the Firm will not be in a position to meet the Submitting Deadline for the October 31, 2020 Interim Monetary Filings. The Firm is taking proactive measures to deal with delays and the Firm is working to finish the interim monetary filings as quickly as doable.
The Firm has utilized to the relevant Canadian securities regulatory authorities and acquired a administration stop commerce order associated to the Firm’s securities to be imposed in opposition to the Chief Government Officer and Chief Monetary Officer of the Firm to commerce securities of the Firm. The administration stop commerce order can be in impact till the October 31, 2020 Interim Monetary Filings are filed, and requires that the October 31, 2020 Interim Monetary Filings be filed on or earlier than January 28, 2021.
Till the October 2020 Interim Monetary Filings are filed, the Firm intends to supply info in accordance with Nationwide Coverage 12-203 Administration Stop Commerce Orders.
About Physique and Thoughts Inc.
BaM is an operations targeted multi-state operator investing in top quality medical and leisure hashish cultivation, manufacturing and retail. BaM’s wholly owned Nevada subsidiary was awarded one of many first medical marijuana cultivation licenses and holds cultivation and manufacturing licenses. BaM merchandise embrace dried flower, edibles, oils and extracts in addition to GPEN Gio cartridges. BaM hashish strains have gained quite a few awards together with the 2019 Las Vegas Weekly Bud Bracket, Las Vegas Hempfest Cup 2016, Excessive Occasions Prime Ten, the NorCal Secret Cup and the Emerald Cup.
BaM continues to develop operations in Nevada, California, Arkansas and Ohio and is devoted to rising shareholder worth by focusing time and sources on bettering operational efficiencies, facility expansions, pursuing state licensing alternatives and mergers and acquisitions.
Please go to www.bodyandmind.com for extra info.
Neither the Canadian Securities Change nor its Market Regulator (as that time period is outlined within the insurance policies of the Canadian Securities Change) accepts accountability for the adequacy or accuracy of this launch.
Protected Harbor Assertion
Apart from the statements of historic truth contained herein, the knowledge offered on this information launch constitutes “forward-looking statements” as such time period is utilized in relevant United States and Canadian legal guidelines. These statements relate to analyses and different info which are based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions of administration, a nicely because the timing for preparation and submitting of the 2020 Annual Monetary Filings, and the timing and length of the administration stop commerce order beneath Nationwide Coverage 12-203. Another statements that specific or contain discussions with respect to predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency (usually, however not at all times, utilizing phrases or phrases akin to “expects” or “doesn’t anticipate”, “is anticipated”, “anticipates” or “doesn’t anticipate”, “plans, “estimates” or “intends”, or stating that sure actions, occasions or outcomes “could”, “might”, “would”, “would possibly” or “will” be taken, happen or be achieved) are usually not statements of historic truth and ought to be considered as “forward-looking statements”. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such dangers and different elements embrace, amongst others, the precise outcomes of actions, variations within the underlying assumptions related to the estimation of actions, the supply of capital to fund applications and the ensuing dilution attributable to the elevating of capital by the sale of shares, accidents, labor disputes and different dangers. Though the Firm has tried to determine vital elements that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger actions, occasions or outcomes to not be as anticipated, estimated or meant. There might be no assurance that such statements will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements contained on this information launch and in any doc referred to on this information launch.
Sure issues mentioned on this information launch and oral statements made once in a while by representatives of the Firm could represent forward-looking statements. Though the Firm believes that the expectations mirrored in such forward-looking statements are based mostly upon cheap assumptions, it can provide no assurance that its expectations can be achieved. Ahead-looking info is topic to sure dangers, developments and uncertainties that would trigger precise outcomes to vary materially from these projected. Many of those elements are past the Firm’s skill to regulate or predict. Essential elements which will trigger precise outcomes to vary materially and that would influence the Firm and the statements contained on this information launch might be discovered within the Firm’s filings with the Securities and Change Fee. The Firm assumes no obligation to replace or complement any forward-looking statements whether or not because of new info, future occasions or in any other case. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase securities.
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SOURCE Physique and Thoughts Inc.
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