(TheNewswire)
Toronto, ON. — TheNewswire - April 4, 2023 — Hill Street BeverageCompany Inc. ( TSXV:HILL )( OTC:HSEEF ) (" HillStreet ” or the " Company "), aprogressive bioscience implementation company that utilizes newtechnologies to provide innovative cannabis solutions andnon-alcoholic beverage products globally, is pleased to make thefollowing announcements.
Annual General and Special Meeting ofShareholders
The Annual General and Special Meeting of Shareholders(the “ Meeting ”) will take place at 1:30 pm EST on Tuesday May 2, 2023 atthe offices of Torkin Manes LLP, 151 Yonge Street, Suite 1500, TorontoON M5C 2W7.
The materials for the Meeting, including the ManagementInformation Circular, which sets out in detail the annual and specialitems proposed for shareholder approval, have been distributed to HillStreet shareholders and can also be found at the Company’s profileon www.sedar.com or at the Company’s website here: https://hillstreetbeverages.com/for-investors/ .
ShareConsolidation
As part of the Meeting, shareholders of the Company(“ Shareholders ”) will be asked to approve an amendment to the articles ofthe Company to consolidate its outstanding Common Shares (the" ShareConsolidation ") on the basis of up to 75pre-consolidation Common Shares for each 1 post-consolidation CommonShare.
The Board of Directors of the Company (the“ Board ”) has concluded that the Share Consolidation would be inthe best interests of Shareholders as it could lead to increasedinterest in the Company’s shares by a wider audience of potentialinvestors, and may result in an increase in the trading volume andliquidity of its shares.
Notwithstanding the foregoing, the Board may determinenot to implement the Share Consolidation at any time after the Meetingand after receipt of necessary regulatory approvals, but prior to theissuance of a certificate of amendment, without further action on thepart of the Shareholders. The ShareConsolidation would also be subject to approval by the TSX VentureExchange.
Assuming the Share Consolidation is approved at theMeeting, registered Shareholders are advised not to mail in thecertificate(s) representing their Common Shares until they receiveconfirmation from the Company by way of news release that the Boardhas decided to implement the Share Consolidation.
Matthew Jewell, CFO comments:
“With the recent combination ofHill Street’s successes with:
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Insider supported out-of-the-moneyprivate placement (Click HERE ),
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record breaking results recentlyreleased (Click HERE ) ,
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uplisting to the OTCQB (Click HERE ), and,
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Confirmation of DTC Eligibility(click HERE
The Company strongly believes thatthis is the appropriate time to open itself up to an expanded pool ofinvestors by way of a Share Consolidation with the intention ofrealizing its share price potential.”
About Hill Street Beverage CompanyInc. (TSXV: HILL)
Hill Street is a progressive bioscience implementationcompany that utilizes new technologies to provide innovative cannabissolutions and non-alcoholic beverage products globally. We arepioneering the space where craft consumer products meet bioscience byleveraging our deep CPG expertise to commercialize leading-edgetechnologies to craft superior plant-derived consumer products. We arecurrently developing the platform for North American distributionaround our rights to use Lexaria Bioscience Corp.’s ground-breakingDehydraTECH™ patent portfolio for product development, licensing andB2B sales of cannabis ingredients.
For more information on our business activities or tocheck out Hill Street’s award-winning alcohol-free line-up andorder product to be delivered straight to your home go to www.hillstreetbeverages.com
If you wish to sign up for the Hill Street mailinglist, click HERE .
For more information:
Matthew Jewell, Chief Financial Officer
matthew@hillstreetbevco.com
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
Statements in this press release may containforward-looking information. Any statements in this press release thatare not statements of historical fact may be deemed to beforward-looking statements. Forward-looking statements are oftenidentified by terms such as “may”, “should”, “would”,“could”, “anticipate”, “expects”, and similar expressions.The reader is cautioned that assumptions used in the preparation ofany forward-looking information may prove to be incorrect. Events orcircumstances, such as future availability of capital on favourableterms, may cause actual results to differ materially from thosepredicted, as a result of numerous known and unknown risks,uncertainties, and other factors, many of which are beyond the controlof the Company. The reader is cautioned not to place undue reliance onany forward-looking information. Such information, although consideredreasonable by management at the time of preparation, may prove to beincorrect and actual results may differ materially from thoseanticipated. Forward-looking statements contained in this pressrelease are expressly qualified by this cautionary statement. Theforward-looking statements contained in this press release are made asof the date of this press release. The Company does not undertake anyobligation to update publicly or to revise any of the includedforward-looking statements, whether as a result of new information,future events or otherwise, except as required by securitieslaw.
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