VANCOUVER, BC, June 9, 2020 /CNW/ - Harvest One Cannabis
Inc. ("Harvest One" or the "Company") (TSXV:
HVT) (OTCQX: HRVOF) is pleased to advise that it has entered
into an agreement with MMJ Group Holdings limited ("MMJ")
dated June 8, 2020, pursuant to which
MMJ has agreed to defer the repayment of its secured loan to
Harvest One in the amount of $2.0
million (the "Loan") until July 17,
2020, in continued support of the Company's
previously-announced Strategic Review initiatives. MMJ is the
largest shareholder of the Company holding approximately 26% of the
issued and outstanding shares of the Company.
About Harvest One
Harvest One is a global cannabis company that develops and
provides innovative lifestyle and wellness products to consumers
and patients in regulated markets around the world. The Company's
range of lifestyle solutions is designed
to enhance quality of life. Shareholders have significant
exposure to a broad cannabis value chain through its wholly-owned
subsidiaries: United Greeneries, a Licensed
Producer; Satipharm (medical and nutraceutical); and
Dream Water Global, and Delivra (consumer); as well as a
controlling interest in Greenbelt Greenhouse. For more
information, please visit www.harvestone.com.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance about Harvest One and
its business and operations, which include, among other things,
statements with respect to the Company's Strategic Review
initiatives, its corporate strategy moving forward, and future
opportunities available for the Company. The use of any of the
words "could", "intend", "expect", "believe", "will", "projected",
"estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify
forward-looking information and are based on the Company's current
belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially. The
forward-looking information contained in this press release is made
as of the date hereof, and the Company is not obligated to update
or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
SOURCE Harvest One Cannabis Inc.