Lotus Venture: Update on Proposal Transaction
Lotus Venture: Update on Proposal Transaction
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2024) - Lotus Ventures Inc. (CSE: J) ("Lotus" or the "Company") wishes to provide an update on the transaction previously announced on May 17, 2024 (the "Transaction").
不列颠哥伦比亚省温哥华--(Newsfile Corp.,2024年8月12日)——莲花风险投资公司(CSE:J)(“莲花” 或 “公司”)希望提供先前于2024年5月17日宣布的交易(“交易”)的最新情况。
On July 29, 2024, the Company obtained a partial revocation order issued by the British Columbia Securities Commission (the "Partial Revocation Order") relating to the cease trade order issued to the Company on April 4, 2024 for failure to file certain outstanding continuous disclosure documents (the "CTO"). The Partial Revocation Order partially revokes the CTO to allow for the completion of the Transaction. The CTO continues to apply in all other respects.
2024年7月29日,公司获得了不列颠哥伦比亚省证券委员会发布的部分撤销令(“部分撤销令”),该命令涉及2024年4月4日因未提交某些未提交的持续披露文件(“CTO”)而向公司发布的停止交易令。部分撤销令部分撤销了首席技术官,以允许交易完成。CTO 继续适用于所有其他方面。
In addition, as previously noted, the Transaction under the Company's proposal to its creditors, as amended (the "Proposal"), and the subscription agreement dated May 3, 2024 with 5008679 Ontario Limited, as amended and restated on June 4, 2024 and further amended on July 15, 2024, are to be completed in accordance with its terms, and the provisions of a reverse-vesting order (the "RVO") to be granted by the Supreme Court of British Columbia In Bankruptcy and Insolvency. On June 14, 2024, the Company obtained the RVO.
此外,如前所述,根据公司向债权人提出的经修订的交易(“提案”)以及2024年5月3日与5008679 Ontario Limited签订的认购协议(经2024年6月4日修订和重述,并于2024年7月15日进一步修订)将根据其条款完成,并将由最高法院批准的反向归属令(“RVO”)的规定完成不列颠哥伦比亚省破产和破产法院。2024 年 6 月 14 日,公司获得了 RVO。
The Company intends to proceed with the Transaction, which is expected to close in July or August 2024 (the "Closing"). The Closing is still subject to closing conditions.
该公司打算继续进行该交易,该交易预计将于2024年7月或8月完成(“收盘”)。收盘仍受成交条件的约束。
Further information regarding the Proposal and the Agreement, including copies thereof, can be accessed through the website hosted by MNP Ltd., in its capacity of proposal trustee of Lotus in the Proposal proceedings, at: Lotus Ventures Inc | MNP LTD (mnpdebt.ca).
有关该提案和协议的更多信息,包括其副本,可通过由MNP Ltd.主办的网站查阅,该网站以Lotus的提案受托人的身份在提案程序中,网址为:Lotus Ventures Inc | MNP LTD.(mnpdebt.ca)。
ON BEHALF OF LOTUS VENTURES INC:
Lotus Ventures Inc.
"Dale McClanaghan"
Dale McClanaghan, President and CEO
代表莲花风险投资公司:
莲花风险投资公司
“戴尔·麦克兰纳汉”
戴尔·麦克拉纳汉,总裁兼首席执行官
About Lotus Ventures Inc.
Lotus Ventures Inc. is a BC based licensed cannabis producer. Lotus grows premium cannabis which is carried in retail locations across BC and Ontario.
关于莲花风险投资公司
莲花风险投资公司是一家总部位于不列颠哥伦比亚省的持牌大麻生产商。莲花种植优质大麻,在不列颠哥伦比亚省和安大略省的零售点出售。
Lotus Ventures Inc. is listed on the Canadian Securities Exchange (CSE: J) and on the OTC Markets (OTC Pink: LTTSF).
莲花风险投资公司在加拿大证券交易所(CSE:J)和场外交易市场(场外交易代码:LTTSF)上市。
For More Information:
欲了解更多信息:
President & CEO
Dale McClanaghan dalemcclanaghan@gmail.com
(604) 644-9844
总裁兼首席执行官
Dale McClanaghan dalemcclanaghan@gmail.com
(604) 644-9844
Investor Relations
investors@lotuscannabis.ca
投资者关系
investors@lotuscannabis.ca
Forward-Looking Information:
This document includes certain statements that are not descriptions of historical facts but are forward-looking statements. Such statements include, among others, those concerning the completion of the Transaction, and the timing thereof, our expected financial performance and strategic and operational plans, our future operating results, our expectations regarding the market for medical and recreational cannabis products, our expectations regarding the continued growth of the medical and recreational cannabis market, as well as all assumptions, expectations, predictions, intentions, or beliefs about future events. Users are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties have not been documented or mentioned in this document nor other communications made by the company. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
前瞻性信息:
本文件包括某些陈述,这些陈述不是对历史事实的描述,而是前瞻性陈述。此类声明除其他外包括与交易完成及其时间、我们的预期财务业绩及战略和运营计划、我们未来的经营业绩、我们对医疗和休闲大麻产品市场的预期、我们对医用和休闲大麻市场持续增长的预期,以及对未来事件的所有假设、预期、预测、意图或信念的陈述。用户请注意,任何此类前瞻性陈述都不能保证未来的表现,许多风险和不确定性可能导致我们的实际业绩与前瞻性陈述中预期、明示或暗示的业绩存在重大差异。本文件或公司的其他通信中均未记录或提及这些风险和不确定性。“相信”、“期望”、“预测”、“项目”、“目标”、“乐观”、“打算”、“目标”、“意愿” 或类似表述旨在识别前瞻性陈述。除历史事实陈述以外的所有陈述均可被视为前瞻性陈述。除非法律要求,否则公司不承担任何义务,也不打算更新任何前瞻性陈述。
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
加拿大证券交易所对本新闻稿的充分性或准确性不承担任何责任。