CannaOne Technologies Inc. (CSE: CNNA) (Frankfurt:3CT) (the “Company”) wishes to provide further management commentary relating to the circumstances of the “Investor Alert” issued by the British Columbia Securities Commission (the “BCSC”) on May 27th, 2019. Prior to its release, the BCSC contacted the Company directly to offer it notification that it had received information about certain matters that apparently had occurred during the time period of January-March 2019, and that it would be releasing the Investor Alert. The management of CannaOne assured the BCSC the Company had no knowledge about this situation and as the BCSC stated in the Investor Alert the Company has immediately taken to assisting the BCSC in attempting to try to gather or ascertain whatever information it can so as to attempt to determine who is responsible for the matters covered under the Investor Alert. In any event, for absolute clarity, the Company has no direct knowledge as it pertains to the information covered under the Investor Alert, but advises here it will continue to assist the BCSC to the best of its abilities in an on-going effort to gather material as it relates to these past, and no longer presently occurring incidents as defined in the Investor Alert.
Cannaone is forever commited to ensuring the integrity of the Canadian capital markets. The culture of the Company endeavours to ensure a medium that supports entirely open and transparent dealings with all market participants, investors and shareholders alike.
About CannaOne Technologies
CannaOne has developed Bloomkit, the first product in the Bloom Product Suite; a turnkey enterprise software solution that can be utilized by any B-to-C cannabis company. Inherent functionalities ensure its users the highest levels of on-going customer satisfaction while the adaptability of Bloomkit, gives clients the ability to operate and satisfy regulatory environments of any governing body around the World, truly affording CannaOne the opportunity to serve an overall base of global clientele with a software suite that sits at the forefront of the industry. The Bloom Product Suite™ is representative of complete data driven and design focused software solutions that contain diverse system architectures and provide intelligent, machine learning that will give clients detailed industry business insights and ultimately lead to the creation and management of predictive content and product recommendation engines.
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NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of CannaOne to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. CannaOne will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
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