VANCOUVER, BC, June 1, 2021 /CNW/ - Kiaro Holdings Corp.
(TSXV: KO) ("Kiaro" or the "Company"), an
omni-channel cannabis retailer and distributor, is pleased to
announce the launch of a 12 month online marketing campaign through
the AGORACOM platform in partnership with AGORA Internet Relations
Corp. ("AGORACOM") for the purposes of raising visibility
and awareness of the Company over key online platforms while also
facilitating education and increased understanding of Kiaro's
initiatives and progress. Compensation will be paid by way of
common shares of Kiaro for its use of the AGORACOM platform as
pursuant to the marketing agreement dated May 27, 2021 between AGORACOM and the Company
(the "Marketing Agreement").
Significant Exposure Through AGORACOM Digital Network
In 2019, AGORACOM surpassed 600 million page views, exceeded
industry engagement metrics by over 400% and has served over 350
public companies. The Kiaro HUB containing multiple landing pages,
videos, photos and other helpful information updated in real-time
over the next 12 months is expected to be live on June 10, 2021.
The Kiaro HUB is expected to receive significant exposure
through continuous brand impression, content marketing, search
engine marketing and social media engagement throughout the entire
AGORACOM network. AGORACOM is the only small cap marketing firm to
hold a Twitter Verified badge, averaging 4.2 million Twitter
impressions per month in 2019.
Moderated Discussion for Management and Shareholders
The Company intends to also launch a "CEO Verified" Discussion
Forum on AGORACOM to serve as the Company's primary social media
platform to interact with both current and prospective shareholders
in a fully moderated environment.
Daniel Petrov, Chief Executive
Officer of Kiaro, commented: "We're looking forward to
collaborating with AGORACOM to increase our online presence and
visibility as we continue to execute on our corporate objectives
over the coming year."
Shares for Services
The AGORACOM digital marketing campaign is scheduled to run for
a period of 12 months at a total annual cost of $100,000 plus HST, which will be paid entirely in
common shares of Kiaro in five equal instalments of $20,000 plus HST each at 3 months intervals over
the duration of the engagement. The deemed price of the securities
to be issued will be determined after the date services are
provided in each period and are to be calculated using the closing
price on the TSX Venture Exchange on the date of issuance pursuant
to the Marketing Agreement.
Subject to the approval of the TSX Venture Exchange, the Company
will issue 215,238 common shares at the closing price of
$0.105/share on June 1, 2021 for an aggregate payment amount of
$22,600 for the initial payment. The
issuance of all shares related to the marketing campaign agreement
are subject to the TSX Venture Exchange policies and regulatory
approvals.
AGORACOM
AGORACOM is the pioneer of online marketing, broadcasting,
conferences and investor relations services to North American small
and mid-cap public companies, with more than 300 companies
served. AGORACOM is the home of more than 7.7 million
investors that visited 55.2 million times and read over 600 million
pages of information over the last 10 years. The average
visit of 8min 43sec is more than double that of global financial
sites, which can be attributed to the implementation and
enforcement of the strongest moderation rules in the industry.
Kiaro Holdings Corp.
Based in Vancouver, British
Columbia, Kiaro is an independent, omni-channel cannabis
retailer and distributor. Through existing storefronts across
British Columbia and Saskatchewan, a wholesale distribution
division servicing Saskatchewan,
and plans for national expansion, Kiaro is driven to introduce new
and experienced consumers to a lifelong exploration of cannabis.
With more than 40 years of collective retail-focused experience,
Kiaro's leadership team has a proven track record of growing retail
brands across North America and
plans to open multiple retail locations nationwide over the coming
years.
Forward-Looking Information
This news release contains statements that may constitute
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking information may
include, among others, statements regarding the future plans,
costs, objectives or performance of Kiaro, or the assumptions
underlying any of the foregoing. In this news release, words such
as "may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and
the negative form thereof are used to identify forward-looking
statements. Forward-looking statements should not be read as
guarantees of future performance or results, and will not
necessarily be accurate indications of whether, or the times at or
by which, such future performance will be achieved. No assurance
can be given that any events anticipated by the forward-looking
information will transpire or occur. Forward-looking information is
based on information available at the time and/or management's
good-faith belief with respect to future events and are subject to
known or unknown risks, uncertainties, assumptions and other
unpredictable factors, many of which are beyond Kiaro's control.
Furthermore, any forward looking information with respect to future
expansion plans is subject to the qualification that management of
Kiaro may decide, and the assumptions that any construction or
conversion would not be cost prohibitive, required permits will be
obtained and the labour, materials and equipment necessary to
complete such construction or conversion will be available.
Accordingly, readers should not place undue reliance on the
forward-looking statements and information contained in this news
release. Kiaro does not intend, nor undertake any obligation, to
update or revise any forward-looking information contained in this
news release to reflect subsequent information, events or
circumstances or otherwise, except if required by applicable
laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For more information, visit: www.kiaro.com
SOURCE Kiaro Holdings Corp.