(TheNewswire)
Vancouver BC - TheNewswire - October 23, 2020 - Agrios Global Holdings Ltd.
(CSE:AGRO) (OTCQB:AGGHF) (FSE:OSA -WKN-A2N62K) (CNSX:AGRO.CN) ("Agrios" or the "Company") announces, after the close of markets on October 20, 2020,the Company received a cease trade order (the "Cease TradeOrder" of "CTO"). The CTO was issued by the BritishColumbia Securities Commission, (the "BCSC") the Company'sprincipal regulator as a result of Agrios' failure to file thefollowing periodic disclosure required including:
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- The Company's audited annual financial statements forthe year ended March 31, 2020;
- Management's Discussion and Analysis relating to theCompany's audited annual financial statements for the year ended March31, 2020;
- Interim Financial Statements of the Company for theperiods ended June 30, 2019;
- Management's Discussion and Analysis relating to theCompany's interim financial statements for the periods ended June 30,2019;
- Certification of the foregoing filings by the Companyas required by National Instrument 52-109 Certification of Disclosurein Issuers' Annual and Interim Filings.
The Cease Trade Order, among other things;
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- Revokes the management cease trade order (theMCTO") issued by the BCSC on September 15, 2020 in respect tocertain directors and officers of Agrios, which prohibited thosedirectors and officers from trading in the Company's securities untilafter the Company cured its disclosure defaults;
- Prohibits any person or company from trading,directly or indirectly, in any security of the Company in the Provinceof British Columbia, and in every other province or territory ofCanada in which Agrios is a reporting issuer under the te rms defined in the Legislation, National Instrument 14-101 Definitions and National Policy 11-207 Failure-to-File Cease Trade Orders andRevocations in Multiple Jurisdictions have thesame meaning if used in this order, unless otherwise defined.
Despite this order, a beneficial securityholder of theIssuer who is not, and was not at the date of this order, an insideror control person of the Issuer, may sell securities of the Issueracquired before the date of this order if both of the following apply:
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- the sale is made through a "foreign organizedregulated market", as defined in section 1.1 of the UniversalMarket Integrity Rules of the Investment Industry RegulatoryOrganization of Canada; and
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- the sale is made through an investment dealerregistered in a jurisdiction of Canada in accordance with applicablesecurities legislation.
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A copy of the Cease Trade Order has been posted on thewebsite of the BCSC click here and will be posted on the Agrios Website.
About Agrios Global HoldingsLtd.
Agrios Global Holdings is a data analytics-drivenagriculture technology and services company advancing the latestinnovations in indoor growing science. The Company owns, leases andmanages properties and equipment for eco-sustainable agronomy andprovides advisory services to support all aspects of aeroponiccultivation in the cannabis sector. Agrios is actively pursuing newopportunities to expand its portfolio of tenant growers andinfrastructure assets in strategic licensed jurisdictions. Based inVancouver, BC. Agrios is managed by a highly accomplished team ofexperienced industry and capital markets experts who are committed tothe growth of the Company.
For further information, please contact:
Chris Kennedy
Director
604-336-2444
investor@agriosglobal.com
This news release was prepared by management of Agrios,which takes full responsibility for its contents. The CanadianSecurities Exchange ("CSE") has not reviewed and does notaccept responsibility for the adequacy of this news release. Neitherthe CSE nor it's Regulation Services Provider (as that term is definedin the policies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.
Forward-Looking Statements
Statements in this news release that areforward-looking statements are subject to various risks anduncertainties concerning the specific factors disclosed here andelsewhere in Agrios' periodic filings with Canadian securitiesregulators. When used in this news release, words such as "will,could, plan, estimate, expect, intend, may, potential, believe,should," and similar expressions, are forward-lookingstatements.
Forward-looking statements may include, withoutlimitation, statements related the timing of the filing of the AnnualFinancial Statements and the filing of the bi-weekly default statusreports.
Although Agrios has attempted to identify importantfactors that could cause actual results, performance or achievementsto differ materially from those contained in the forward-lookingstatements, there can be other factors that cause results, performanceor achievements not to be as anticipated, estimated or intended,including, but not limited to: dependence on obtaining regulatoryapprovals; investing in target companies or projects which havelimited or no operating history and are engaged in activitiescurrently considered illegal under U.S. Federal laws; change in laws;limited operating history; reliance on management; requirements foradditional financing; competition; hindering market growth and stateadoption due to inconsistent public opinion and perception of themedical-use and adult-use marijuana industry and; regulatory orpolitical change.
There can be no assurance that such information willprove to be accurate or that management's expectations or estimates offuture developments, circumstances or results will materialize.Because of these risks and uncertainties, the results or eventspredicted in these forward-looking statements may differ materiallyfrom actual results or events.
Accordingly, readers should not place undue reliance onforward-looking statements. The forward-looking statements in thisnews release are made as of the date of this release. Agrios disclaimsany intention or obligation to update or revise such information,except as required by applicable law, and Agrios does not assume anyliability for disclosure relating to any other company mentionedherein.
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