(TheNewswire)
Vancouver, British Columbia - TheNewswire - November 5, 2020 - Harrys ManufacturingInc. (CSE:HARY ) (CNSX:HARY.CN) ( OTC:WSRRF) (the"Company" or "Harrys") ,wishes to announce that its wholly owned subsidiary HarrysInternational Manufacturing Inc. has received approval for its TobaccoLicense from the Saskatchewan Ministry of Finance ("theLicense") for wholesale distribution and sales of tobaccocigarettes in the province of Saskatchewan. As a condition ofreceiving the License and to ensure the Provincial Tobacco Taxes arepaid, the Company is required to provide a $25,000 CAD securitydeposit to be held by the Saskatchewan Ministry of Finance.
Corporate Update
The Company recently submitted a tobacco permitapplication to Revenu Quebec for approval of wholesale distributionand sales of tobacco cigarettes in the province of Quebec. TheCompany currently has tobacco wholesale license applications that arepending or under review for approval in British Columbia, Manitoba andOntario, as well as its approved wholesale licenses for the provincesof Alberta and Saskatchewan.
Harrys continues to work with its Canadian manufacturerto receive registration approval from the Canada Revenue Agency ExciseDuties and Taxes Division to facilitate ordering the required TobaccoStamps. The Stamps are placed on Harrys tobacco cigarette productsdestined for sale in the designated Canadian Provinces where theCompany has received a wholesale tobacco license. The Company willcontinue to provide corporate updates as further tobacco licenseapplications or stamp registration approvals are obtained.
About Harrys
Harrys is a wholesale distributor of affordable, highquality, 100% natural tobacco cigarettes. Harrys utilizes varioustypes of tobacco blends to satisfy customer demands and preferencesfor products that meet Health Canada standards. Harrys' managementteam brings over 50 years of combined experience in the domestic andinternational tobacco industry.
For more information, please visit:www.harrysmfg.com
ON BEHALF OF THE BOARD
"Kevin Kohanik"
Director and CEO
For further information, pleasecontact:
Corporate Communications
Telephone: 778-378-9375
Email: IR@HarrysMFG.com
The CanadianSecurities Exchange does not accept responsibility for the adequacy oraccuracy of this release.
FORWARD LOOKING INFORMATION
Cautionary Note RegardingForward-Looking Statements: This release includes certain statementsand information that may constitute forward-looking information withinthe meaning of applicable Canadian securities laws. All statements inthis news release, other than statements of historical facts,including statements regarding future estimates, plans, objectives,timing, assumptions or expectations of future performance, includingthe Company's expectations that the applications will be approved andthe Company's plans to commence business in the Canadian tobaccocigarette market, are forward-looking statements and containforward-looking information. Generally, forward-looking statements and informationcan be identified by the use of forward-looking terminology such as"intends" or "anticipates", or variations of suchwords and phrases or statements that certain actions, events orresults "may", "could", "should","would" or "occur". Forward-looking statements arebased on certain material assumptions and analysis made by the Companyand the opinions and estimates of management as of the date of thisnews release. These forward-looking statements are subject to knownand unknown risks, uncertainties and other factors that may cause theactual results, level of activity, performance or achievements of theCompany to be materially different from those expressed or implied bysuch forward-looking statements or forward-looking information.Important factors that may cause actual results to vary include,without limitation, the Company may not receive approval for theapplications; the Company may not be successful in establishing amarket for its cigarettes within Canada; future legislative andregulatory developments involving tobacco in Canada and/or the impacton the Company arising from the COVID-19 pandemic could have amaterial adverse effect on the Company's business, results ofoperations and financial condition. Although management of the Companyhas attempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookingstatements or forward-looking information, there may be other factorsthat cause results not to be as anticipated, estimated or intended.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements andforward-looking information. Readers are cautioned that reliance onsuch information may not be appropriate for other purposes. TheCompany does not undertake to update any forward-looking statement,forward-looking information or financial out-look that areincorporated by reference herein, except in accordance with applicablesecurities laws.
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