Yellow Stem Announces Name Change and Corporate Update
Yellow Stem Announces Name Change and Corporate Update
Business UpdateVancouver, British Columbia--(Newsfile Corp. - May 29, 2023) - Yellow Stem Tech Inc. (CSE: YY) (the "Company") provides an update on corporate events.
温哥华，不列颠哥伦比亚省-(Newsfile Corp.-2023年5月29日)-黄茎科技公司。(CSE：YY)(“本公司”)提供有关企业活动的最新情况。
Name Change
更名
As disclosed in the Company's news release of May 15, 2023, the Company's name change from Yellow Stem Tech Inc. to Sweet Poison Spirits Inc. will be effective on June 1, 2023. The Company's trading symbol will change to "SPS", and the new CUSIP number for the Company's common shares will be 87043J104.
根据公司2023年5月15日的新闻稿披露，公司名称从黄茎科技公司更名为甜毒烈酒公司将于2023年6月1日生效。公司的交易代码将改为“SPS”，公司普通股的新CUSIP编号将为87043J104。
Business Update
商业动态
The name change is a result of the Company rebranding itself and all its affiliated businesses. Principally the Company will be operating under its Product Distribution Agreement (the "Distribution Agreement") with Sweet Poison Spirits S de RL de CV, a Mexican company headquartered in Guadalajara, Mexico, and Sweet Poison Spirits LLC, a California limited liability corporation headquartered in San Diego, California (collectively, "Sweet Poison") to distribute Sweet Poison's premium Tequila and Mezcal products under the "Sweet Poison" brand names. For details of the Distribution Agreement and the related industry, please see the Company's Listing Statement dated March 27, 2023 as filed on SEDAR and the CSE website. Please also refer to the Company's news release of May 15, 2023, which sets out terms of amendments to the Distribution Agreement. The Listing Statement is being reviewed by the CSE, and so is subject to change. Any material changes will be outlined in a subsequent news release and reflected in a revised Listing Statement.
更名是公司对自身及其所有关联业务进行品牌重塑的结果。主要而言，本公司将与总部位于墨西哥瓜达拉哈拉的墨西哥公司S de RL de CV及总部位于加州圣地亚哥的加州有限责任公司Sweet Poison Spirits LLC(统称为“Sweet Poison”)根据其产品分销协议(“分销协议”)经营，以“Sweet Poison”品牌分销Sweet Poison的优质龙舌兰酒和Mezcal产品。有关分销协议及相关行业的详情，请参阅本公司于2023年3月27日于SEDAR及CSE网站提交的上市声明。还请参阅公司于2023年5月15日发布的新闻稿，其中列出了对分销协议的修订条款。中交所正在审查上市说明书，因此可能会发生变化。任何重大变化将在随后的新闻稿中概述，并反映在修订后的上市声明中。
While distributing Sweet Poison spirits under the Distribution Agreement will be the Company's primary focus in the next 12 months, the Company continues to monitor the pricing of cryptocurrencies, with a view to restarting its mining operations should it again become profitable. As noted in prior disclosure, the Company ceased mining cryptocurrency shortly after acquiring its mining rigs due to a material decline in cryptocurrency prices. Similarly, while the Company is not presently carrying any activities in the hemp growing and product manufacturing business, the Company may re-initiate such business under the "Sweet Poison" brand, should that industry again look profitable.
虽然根据分销协议分销甜毒烈酒将是本公司未来12个月的主要重点，但本公司将继续监察加密货币的定价，以期在其再次盈利时重新开始采矿业务。如先前披露所述，由于加密货币价格大幅下跌，该公司在收购其采矿钻机后不久就停止了开采加密货币。同样，虽然本公司目前没有从事任何大麻种植和产品制造业务，但如果该行业看起来再次盈利，本公司可能会以“甜毒”品牌重新开展此类业务。
The Company intends to investigate new and alternative businesses that are complementary to management's skills and expertise, all of which will be operated under the "Sweet Poison" brand.
该公司打算研究与管理层的技能和专业知识互补的新的和替代的业务，所有这些业务都将以“Sweet Poison”品牌运营。
Private Placement
私募
As previously announced (see news release of May 15, 2023), the Company has arranged a non-brokered private placement of up to $1 million through the issuance of up to 10 million units (the "Units") at a price of $0.10 per Unit. Funds will be used primarily to acquire inventory from Sweet Poison, to arrange new distribution agents, and for marketing costs associated with distributing the Sweet Poison tequila and mezcal products.
正如之前宣布的(见2023年5月15日的新闻稿)，公司已安排了一次高达100万美元的非中介私募，发行最多1000万个单位(“单位”)，每个单位的价格为0.10美元。资金将主要用于从Sweet Poison收购库存，安排新的分销代理，以及与分销Sweet Poison龙舌兰和Mezcal产品相关的营销费用。
ON BEHALF OF THE BOARD
我代表董事会
Signed "Robert Eadie"
Robert Eadie, President, Chief Executive Officer and Director
署名“罗伯特·伊迪”
罗伯特·伊迪，董事首席执行官总裁
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935 Facsimile: 1-604-602-4936
Contact: Robert Eadie
欲了解更多信息，请联系：
电话：1-604-602-4935传真：1-604-602-4936
联系人：罗伯特·伊迪
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
加拿大证券交易所及其监管服务提供商(该术语在加拿大证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to closing of agreements and future operations.
本新闻稿中的某些陈述和信息，包括所有非历史事实的陈述，均包含适用证券法所指的前瞻性陈述和前瞻性信息。这类前瞻性陈述或信息包括但不限于与结束协议和未来业务有关的陈述或信息。
Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. There is no assurance the Company will be able to execute its distribution plans profitably, or at all. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
前瞻性陈述和信息的性质是基于假设的，涉及已知和未知的风险、不确定因素和其他因素，这些风险、不确定因素和其他因素可能会导致公司的实际结果、业绩或成就与此类前瞻性陈述或信息明示或暗示的任何未来结果、业绩或成就大不相同。不能保证该公司能够有利可图地执行其分销计划，或者根本不能保证。除非依照适用的证券法，否则公司不承诺更新任何前瞻性信息。
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问
