CORONA, Calif., Might 31, 2021 /CNW/ – Ikänik Farms, Inc. (CSE: IKNK.U) (FSE: DFMA) (the “Firm” or “Ikänik Farms“) broadcasts that it has filed its monetary statements and associated administration dialogue and evaluation for the three months ended March 31, 2020.
Additional to its press launch dated Might 25, 2021, the Firm’s monetary group and auditors are nearing completion of the audit of the annual monetary statements for the yr ended December 31, 2020 (the “Audited Monetary Statements“) of Ikänik Farms, Inc., the reverse takeover acquirer in reference to the Firm’s reverse takeover transaction which closed March 30, 2021 (the “Transaction“), to allow the Ontario Securities Fee (the “OSC“) to revoke the Failure–to–File Stop Commerce Order issued in opposition to the Firm (the “FFCTO“) on Might 6, 2021. The Firm expects to file the Audited Monetary Statements by June 4, 2021.
Upon completion and submission of the Audited Monetary Statements, beneath Nationwide Coverage 11-207, such submitting will routinely provoke a assessment course of by the OSC, with none utility by the Firm. Following such assessment, the Firm expects the FFCTO can be revoked by the OSC shortly thereafter.
The Firm confirms there was no materials change to the data regarding the Firm’s delay in submitting the Audited Monetary Statements since its information launch on Might 5, 2021 that has not been disclosed.
About Ikänik Farms
Ikänik Farms is a California based mostly, Multi-Nationwide Operator (MNO) who’s constructing a dynamic portfolio of manufacturers, impressed by its ardour for well being and wellness, motion sports activities, and supported by its vertically built-in retail, distribution and cultivation in CA and its medical grade cultivation and laboratory in Colombia. The Firm’s management brings a long time of experience in R&D, cultivation, retail, branding, and company finance. Ikänik Farms’ operation in Colombia, by way of its pharma division Pideka, holds each GMP-PHARMA and (GACP) Good Agricultural and Assortment Apply certifications for its Casa Flores working facility.
Ahead Wanting Statements
This information launch contains “forward-looking info” and “forward-looking statements” inside the that means of Canadian securities legal guidelines and United States securities legal guidelines (collectively, “forward-looking info). All info, apart from statements of historic info, included on this information launch that deal with actions, occasions or developments that the Firm expects or anticipates will or could happen sooner or later is forward-looking info. When used on this information launch, phrases resembling “will”, “may”, “plan”, “estimate”, “anticipate”, “intend”, “could”, “potential”, “consider”, “ought to”, and related expressions, are forward-looking info, together with, however not restricted to: statements with respect to the Audited Monetary Statements, together with the anticipated delay in submitting the Audited Monetary Statements and timing to finish the Firm’s audit.
Though the Firm has tried to determine necessary elements that might trigger precise outcomes, efficiency or achievements to vary materially from these contained within the forward-looking info, there might be different elements that trigger outcomes, efficiency or achievements to not be as anticipated, estimated or supposed, together with, however not restricted to: adjustments in legal guidelines, a change in administration, the lack to acquire further financing, elevated competitors, hindering market development and state adoption attributable to inconsistent public opinion and notion of the medical-use and adult-use marijuana trade and, regulatory or political change.
There might be no assurance that such info will show to be correct or that administration’s expectations or estimates of future developments, circumstances or outcomes will materialize. On account of these dangers and uncertainties, the outcomes or occasions predicted within the forward-looking info could differ materially from precise outcomes or occasions.
Accordingly, readers shouldn’t place undue reliance on forward-looking info. The forward-looking info on this information launch is made as of the date of this launch. The Firm disclaims any intention or obligation to replace or revise such info, besides as required by relevant regulation, and the Firm doesn’t assume any legal responsibility for disclosure regarding some other firm talked about herein.
On behalf of the Board of Administrators of Ikänik Farms Inc.
SOURCE Ikanik Farms Inc.
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