NAPANEE, ON, Nov. 12, 2019 /CNW/ - VIVO Cannabis Inc.
(TSX-V: VIVO, OTCQX: VVCIF) ("VIVO" or the
"Company") is pleased to announce that it has received
conditional approval from the Toronto Stock Exchange (the
"TSX") to graduate from the TSX Venture Exchange (the
"TSXV") and list its common shares on the TSX.
"The TSX is a premier destination for publicy traded companies
and this listing represents a significant milestone for VIVO," said
Barry Fishman, CEO. "It also
demonstrates our long-term commitment to increasing investor
awarness and generating shareholder value as we continue to drive
sales in our premium family of brands including Canna Farms™,
Beacon Medical™, Fireside™ and Lumina."
Final approval of the listing is subject to the Company meeting
certain conditions required by the TSX on or before February 6, 2020. Upon receipt of final TSX
approval, VIVO's common shares will be delisted from the TSXV and
begin trading on the TSX under the symbol "VIVO."
About VIVO Cannabis™
VIVO, based in Napanee,
Ontario, is recognized for trusted, premium cannabis
products and services. It holds production and sales licenses from
Health Canada and operates world-class indoor cultivation
facilities with proprietary plant-growing technology at its Canna
Farms facility in Hope, B.C., and
at its Vanluven facility in Napanee,
Ontario. VIVO has a collection of premium brands targeting
unique customer segments, including Beacon Medical™, Fireside™,
Canna Farms™ and Lumina™. The Company is significantly expanding
its production capacity and distribution channels; growing its
domestic medical cannabis platform, including Harvest Medicine, its
patient-centric, highly scalable network of specialty medical
cannabis clinics and services; promoting production and cultivation
innovation and pursuing partnership and product development
opportunities; and actively focusing on growth in select
international markets, including Germany and Australia. VIVO has a healthy balance sheet
and is well-positioned to accelerate its growth in Canada and internationally. For more
information visit: www.vivocannabis.com
ON BEHALF OF THE BOARD OF DIRECTORS
Barry Fishman
CEO and Director
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Certain statements in this news release are forward-looking
statements, which are statements that are not purely historical,
including statements regarding the beliefs, plans, expectations or
intentions of VIVO and its management regarding the future.
Investors are cautioned that forward-looking information is not
based on historical fact but instead reflects management's
expectations, estimates or projections concerning future results or
events based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are
made. Although VIVO believes that the expectations reflected in
such forward-looking statements are reasonable, such statements
involve risks and uncertainties, and undue reliance should not be
placed on such statements, as unknown or unpredictable factors
could have material adverse effects on future results, performance
or achievements. Factors that could cause actual results to differ
materially from those projected in the forward-looking statements
include: the ability of VIVO to obtain final TSX approval for the
uplisting; changes in the timing and process for delisting the
Company's common shares from the TSXV and listing on the TSX; the
actual impact of the TSX listing on the Company; changes in general
economic, business and political conditions; and other factors
beyond the Company's control. The forward-looking statements in
this news release are made as of the date hereof and the Company
disclaims any intent or obligation to update publicly any such
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
SOURCE VIVO Cannabis Inc.
