Alcanna Postpones Filing of First Quarter 2020 Financial Statements, MD&A and Related Filings
May 04 2020 - 5:24PM
Alcanna Inc. (the “Company” or “Alcanna”) (TSX: CLIQ) today
announced that the filing of its first quarter 2020 financial
statements, MD&A and related filings would be postponed in
accordance with relief granted by the Canadian Securities
Administrators and the Alberta Securities Commission.
Q1 2020 FINANCIAL REPORT
Alcanna will utilize the relief granted by the
Canadian Securities Administrators and the Alberta Securities
Commission Blanket Order 51-517 - Temporary Exemption from Certain
Corporate Finance Requirements in respect of its interim financial
report for the first quarter of 2020, the associated management's
discussion and analysis and related filings for such period, which
it anticipates filing on or before June 28, 2020. The blanket
relief provides for up to a 45-day extension for periodic filings
normally required to be made by reporting issuers during the period
from March 23, 2020 to June 1, 2020.
Alcanna confirms that there have been no
material business developments since March 12, 2020, being the date
of filing of the Company's audited consolidated financial
statements for the years ended December 31, 2019 and 2018.
In connection with Alcanna's reliance on the
foregoing relief, management and other insiders are subject to an
insider trading blackout policy that reflects the principles in
Section 9 of National Policy 11-207 – Failure-to-File Cease Trade
Orders and Revocations in Multiple Jurisdictions.
ABOUT ALCANNA INC.
Alcanna is one of the largest private sector
retailers of alcohol in North America and the largest in Canada by
number of stores – operating 258 locations in Alberta, British
Columbia and Alaska. The Company also operates 31 cannabis retail
stores under the “Nova Cannabis” brand, with thirty locations in
the Province of Alberta and one in the Province of Ontario. With
revenues in excess of $800 million per year, Alcanna processes over
20 million individual retail transactions of beverage alcohol and
cannabis.
Alcanna's common shares and convertible
subordinated debentures trade on the Toronto Stock Exchange under
the symbols "CLIQ" and "CLIQ.DB", respectively.
Additional information about Alcanna Inc. is
available at www.sedar.com and the Company’s website at
www.alcanna.com.
For Further Information
James BurnsVice Chair and Chief Executive
OfficerAlcanna Inc. (587) 460-1026james.burns@alcanna.com
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