VANCOUVER, BC, Feb. 11, 2021 /CNW/ - Kiaro Holdings Corp.
(TSXV: KO) ("Kiaro" or the "Company"), an omni-channel cannabis
retailer and distributor, is pleased to announce that the Company's
wholly-owned subsidiary, National Cannabis
Distribution ("NCD"), has entered into an Exclusive Reseller
Agreement with Rubicon Organics (TSXV: ROMJ) ("Rubicon") for the
exclusive wholesale distribution rights in Saskatchewan. The six month agreement is a
notable step towards getting premium, certified organic cannabis
into the hands of the consumer in the Province of Saskatchewan. With NCD servicing over 60%
of the licensed retailers in Saskatchewan, Kiaro continues to successfully
differentiate itself from the competition by providing outstanding
brands and expertly curated products to its current and future
retailers.
"As we kick-off the new financial year that started February 1, 2021, this agreement with Rubicon
Organics demonstrates the continued execution of our strategic plan
for fiscal year 2022. We are thrilled to be able to offer such high
quality, certified organic cannabis to all our serviced retailers
in Saskatchewan and we look
forward to a robust and continued relationship with Rubicon,"
stated Daniel Petrov, Chief
Executive Officer of Kiaro.
Rubicon Organics Inc.
Rubicon Organics Inc. is becoming the global brand leader in
organic cannabis products. Through its wholly-owned subsidiary
Rubicon Holdings Corp, a licensed producer, the Company cultivates,
processes and sells organic certified, sustainably produced
cannabis products from its state-of-the-art hybrid greenhouse
located in Delta, BC, Canada. Rubicon Organics is focused on
achieving industry leading profitability through a focus on
innovation and the development of brands and cannabis 2.0 products,
including its flagship brand Simply Bare™ Organic and its
concentrate brand LAB THEORY™.
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. In this news release, forward-looking statements
relate, among other things, to: proposed retail expansion plans and
management's ability to execute on same, overall growth of the
Canadian cannabis market and retail opportunities, the award of new
operating permits and licenses in various jurisdictions, and the
timing and amount of any dispositions of the Company's common
shares. 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. These risks,
uncertainties and assumptions include, but are not limited to,
those described in Kiaro Filing Statement dated September 29, 2020, a copy of which is available
on SEDAR at www.sedar.com, and could cause actual events or results
to differ materially from those projected in any forward-looking
statements. 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:
investors.kiaro.com.
SOURCE Kiaro Brands Inc.