VANCOUVER, BC, Nov. 4, 2022
/CNW/ - good natured Products Inc. (the "Company" or "good
natured®") (TSX-V: GDNP) (OTCQX: GDNPF), a
North American leader in plant-based products, today announced that
it will allow the short form base shelf prospectus (the "Base
Shelf") that the Company filed on January
19, 2022, to go dormant. This decision will eliminate the
professional fees and costs associated with keeping the Base Shelf
active during this period of macroeconomic uncertainty.
"Maintaining the costs of a Base Shelf we don't intend to
immediately use does not make good business sense, and we believe
allowing it to fall dormant provides our owners further insight
into our level of commitment on our efforts to self-fund our
operations in the current financial market and economic climate,"
stated Paul Antoniadis, CEO of good natured®.
The good natured® corporate profile can be
found at: investor.goodnaturedproducts.com
About good natured Products Inc.
good natured® is passionately pursuing
its goal of becoming North
America's leading earth-friendly product company by offering
the broadest assortment of plant-based products made from rapidly
renewable resources instead of fossil fuels. The Company is focused
on making it easy and affordable for business owners and consumers
to shift away from petroleum to better everyday
products® that use more renewable materials, less
fossil fuel, and no chemicals of concern.
good natured® offers over 400 products and
services through wholesale, direct to business, and retail
channels. From plant-based home organization products to certified
compostable food containers, bio-based industrial supplies and
medical packaging, the Company is focused on making plant-based
products more readily accessible to people as a means to create
meaningful environmental and social impact.
For more information: goodnaturedproducts.com
On behalf of the Company:
Paul Antoniadis – Executive Chair & CEO
Contact: 1-604-566-8466
Investor Contact:
Spencer Churchill
Investor Relations
1-877-286-0617 ext. 113
invest@goodnaturedproducts.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibilities for the adequacy or
accuracy of this release.
Cautionary Statement Regarding Forward-Looking
Information
Information regarding anticipated cost savings associated
with eliminating the professional fees and costs associated with
maintaining the availability of the Base Shelf and the Company's
efforts to self-fund its operations in this press release may
constitute forward-looking information within the meaning of
securities laws. By their nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or
other future events, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.
When relying on the Company's forward-looking statements and
information to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties
and potential events. The Company has assumed that the material
factors referred to herein will not cause such forward-looking
statements and information to differ materially from actual results
or events. However, there can be no assurance that such assumptions
will reflect the actual outcome of such items or factors.
Other than as required under securities laws, we do not
undertake to update this information at any particular
time.
Forward-looking information contained in this news release is
based on our current estimates, expectations, and projections,
which we believe are reasonable as of the current date. The reader
should not place undue importance on forward-looking information
and should not rely upon this information as of any other
date. All forward-looking information contained in this news
release is expressly qualified in its entirety by this cautionary
statement.
SOURCE Good Natured Products