VANCOUVER, BC, July 7, 2022
/CNW/ - Kiaro Holdings Corp.
("Kiaro" or the "Company") (TSXV: KO)
(OTC: KIARF), a national omni-channel
cannabis retailer and wholesale
distributor, is pleased to announce
that subject to the approval of
the TSX Venture Exchange (the " TSXV
"), the Company has appointed
Mr. Konstantin Abuladze to its Board
of Directors (the " Appointment ") effective as of
July 7th, 2022.
Konstantin Abuladze is a
Kazakh-born Canadian entrepreneur and former multinational oil and
gas director. Mr. Abuladze has spent several years advancing the
promise of medical cannabis in Canada, and abroad. His expertise in cannabis
regulations, licensing, and production have propelled him into a
sought-after thought leader in both the CIS region and
internationally.
"I am delighted to join the board of directors." Said Mr.
Abuladze. "I believe that this is a pivotal time for the cannabis
industry and I look forward to sharing my resources with a leading
cannabis retailer in Canada."
Kiaro Holdings Corp.
Based in Vancouver, British
Columbia, Kiaro is an independent,
omni-channel cannabis retailer and
distributor. Through existing storefronts
across British Columbia, Saskatchewan,
and Ontario, and with the
completion of the recent acquisition
of Hemisphere Cannabis from Aegis
Brands, Kiaro has 17 stores
with another two expected in
the fourth quarter of this
fiscal year. This is in
addition to its wholesale
distribution division servicing
Saskatchewan, and ecommerce sites in
Canada, the US and Australia.
Kiaro is driven to introduce
new and experienced consumers to
a lifelong exploration of cannabis.
With more than 70 years of
collective retail and wholesale
focused experience, Kiaro's leadership
team has a proven track record
of executing on acquisitions and
financings, and moreover growing
brands across North America. The
Company plans to continue its
growth trajectory through its
consumer-centric retail, ecommerce, and wholesale
distribution segments over the coming years.
For more information about the Company, including the most
recent analyst report, please visit investors.kiaro.com.
On behalf of Kiaro Holdings Corp.
"Eleanor Lynch"
Eleanor Lynch, Interim Chief Executive Officer
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.
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: expectations
regarding obtaining the approval of
the TSXV for the Appointment and
expectations for other economic, business, and/or competitive
factors.
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 filing
statement of the Company 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.
SOURCE Kiaro Holdings Corp.