VANCOUVER, BC, March 19, 2021 /CNW/ - Kiaro Holdings Corp.
(TSXV: KO) ("Kiaro" or the "Company"), an omnichannel cannabis
retailer and distributor, is pleased to announce that since
January 2021, the Company has donated
over $15,000 to local communities in
which it serves.
The program allows the Company's staff to select a charity of
their choice and support Kiaro's ongoing diversity, equity, and
inclusion efforts in the local communities it operates in. This
provides valuable resources especially to those hardest hit by
COVID-19. The charities include:
- OutSaskatoon
- Northern Animal Rescue LaRonge
- Qmunity
- Victoria Humane Society
- SHARE COMMUNITY
- Haven Society
- The Kettle Society
- Downtown Eastside Women's Centre
- Port Moody Arts Centre Society
"As a company, we've always focused on giving back, supporting,
and investing in the local communities we call home," said
Daniel Petrov, CEO of Kiaro.
"Partnering with local non-profit organizations allows us to
connect with communities and the causes our team members are
passionate about. We will continue to participate in opportunities
that support our social responsibility efforts."
The Company also announces the resignation of Zach Stadnyk from the Board of Directors,
effective today.
Mr. Stadnyk, former CEO of DC Acquisitions Corp., has served on
Kiaro's board since Kiaro became a publicly traded company on the
TSX Venture Exchange and has been an instrumental part of the
Board.
"On behalf of the Kiaro team, I would like to thank Zach for his
time and dedication as a valued board member and wish him all the
best in his other ventures,'' commented Kiaro's CEO and Chairman of
the Board Daniel Petrov.
"The cannabis sector is ever-changing, and Kiaro has certainly
been one of the best-in-class players in the Canadian cannabis
retail and wholesale space," said Zach
Stadnyk. "I have been committed to remaining a Director in
the company until I believed the company to be solidly on track and
managed by a strong and focused team. Daniel and the board have
succeeded in building a very knowledgeable and experienced team and
are well positioned with a promising strategy for aggressive
development."
About 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, and the award of
new operating permits and licenses in various jurisdictions.
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 Holdings Corp.