VANCOUVER, BC, Feb. 5, 2021 /CNW/ - Kiaro Holdings Corp. (TSXV:
KO) ("Kiaro" or the "Company"), an omni-channel cannabis retailer
and distributor, is pleased to announce that it has engaged
Flinnwest Solutions Inc. ("Flinnwest"), an investor relations and
digital media agency based in White Rock,
British Columbia, to provide investor relations services, in
addition to carrying out tasks and campaigns relating to Kiaro's
online presence on a month to month basis pursuant to the terms of
an investor relations agreement (the "IR Agreement"). The IR
Agreement is subject to the approval of the TSX Venture
Exchange.
Under the terms of the agreement with Flinnwest as a service
provider to the Company, Flinnwest will be paid approximately
$7,500 (plus GST) as an initial set
up fee and approximately $5,000 per
month (plus GST) in cash for its services on a month-to-month
basis. Flinnwest will not receive any securities in the capital of
the Company as compensation. Flinnwest does not currently own any
securities of Kiaro, however, Flinnwest and its clients may acquire
a direct interest in the securities of the Company. Flinnwest and
Kiaro are unrelated and unaffiliated entities.
Flinnwest Solutions Inc.
Flinnwest was founded in 2015 by software engineer Grady Flinn, who primarily worked on projects in
the investing sector over the course of his career, enabling him to
identify operational gaps and shortcomings in investor relations
departments. Flinn created Flinnwest to be a "one-stop shop" around
a set of core competencies in investor relations and digital media
in which all functions are performed in-house to prevent the
latency and disorganization that is commonly caused by the
involvement of third-party providers. Its 26-person team boasts
experience in video production, marketing, social media, web
development, analytics, and customer relationship management
("CRM") systems. With other publicly traded clients in the medical
imaging and precious metals sectors, Flinnwest is familiar with
investor relations workflows and standards for firms traded on
Canadian exchanges.
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 Brands Inc.