Not for distribution to U.S. Newswire Services or for dissemination in the United States.
INDIVA Announces Plans to Open Cannabis Dispensaries in Ontario
LONDON, ON, Sept. 24, 2018 /CNW/ – INDIVA Limited (the “Company” or “INDIVA”) (TSXV:NDVA) is pleased to announce plans to open up to ten cannabis dispensaries in Ontario in 2019. Leases in London and Ottawa have been secured and leases in Toronto are under negotiation.
“By having retail outlets we will add an additional revenue stream, grow brand awareness, and promote client loyalty. We are moving quickly to sign leases in areas of high traffic and high population density in Ontario,” explained Koby Smutylo, the Company’s COO and GC. “Subject to applicable laws, our dispensaries will carry cannabis products we produce, cannabis products of other licensed producers, and accessories,” Mr. Smutylo continued.
INDIVA is working with a design and fabrication firm that has worked with top brands, including Nordstrom, Louis Vuitton, Ray Ban, and J. Crew. “We believe this experience will help us create and deliver an awesome retail experience to our clients,” Mr. Smutylo explained.
INDIVA’s wholly owned subsidiary is a Licensed Producer under Canada’s Access to Cannabis for Medical Purposes Regulation (“ACMPR”).
INDIVA’s mission is to offer cannabis products that have a positive impact, improving lives and communities.
DISCLAIMER & READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the information contained herein and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
This press release contains forward-looking statements about INDIVA and its business which may include, but is not limited to, risk, uncertainties and other factors that may cause actual events to differ materially from current expectations. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Indiva. For example, there can be no guarantee that the Program will proceed as intended by the parties and set out in the Agreement, or that applicable regulatory approvals will be obtained to carry out the activities contemplated herein. Other risk factors include risks regarding the cannabis industry, economic factors, the equity markets generally and risks associated with growth and competition. Although Indiva has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward- looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
SOURCE Indiva Limited
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2018/24/c6552.html
For further information:
Koby Smutylo, COO, INDIVA,
Email: [email protected]
Niel Marotta, CEO, INDIVA,
Email: [email protected]
Steve Low, Investor Relations,
Email: [email protected]
CO: Indiva Limited
CNW 07:00e 24-SEP-18