TORONTO, July 04, 2018 (GLOBE NEWSWIRE) -- Eve & Co Incorporated (the “Company” or “EVE”) (TSXV:EVE) is pleased to announce that at the opening of the market today, EVE’s common shares will commence trading on the TSX Venture Exchange (the “TSXV”) under the ticker symbol “EVE”.
On June 28, 2018, EVE, formerly named Carlaw Capital V Corp., announced the closing of its qualifying transaction involving the acquisition of Natural MedCo Ltd. (formerly 1600978 Ontario Inc.) by way of a “three-cornered amalgamation” pursuant to the provisions of the Business Corporations Act (Ontario) (the “Qualifying Transaction”). The Qualifying Transaction has now received all final approvals, including that of the TSXV. The total number of issued and outstanding common shares of EVE at the commencement of trading will be 211,144,014.
“Today is a big day for EVE, and we are excited to begin trading on the TSXV. We're pleased to move forward with EVE as a female-centered cannabis brand and will continue to focus on educating and destigmatizing cannabis use among women. We are increasing our greenhouse capacity from 220,000 sq. ft. to 1,000,000 sq. ft. to meet our expected demand for the consumer market and look forward to securing distribution deals with various provincial distributors prior to October,” commented Melinda Rombouts, the President and Chief Executive Officer of EVE.
ABOUT EVE & CO INCORPORATED
EVE, through its wholly owned subsidiary Natural MedCo Ltd., is a licensed producer and seller of dried cannabis and cannabis plants under the Access to Cannabis for Medical Purposes Regulations (ACMPR).
EVE is led by a team of agricultural experts and has a 220,000 sq. ft. scalable greenhouse production facility located in Middlesex County, Ontario with 32 acres of adjacent land for future expansion. EVE has broken ground on an additional 780,000 sq. ft. expansion, bringing EVE’s total anticipated greenhouse capacity to 1,000,000 sq. ft.
The TSXV has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this press release constitute forward-looking information. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company’s future, strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.
For additional information, please contact:
Melinda Rombouts
President and Chief Executive Officer
Eve & Co Incorporated
Telephone: (855) 628-6337