MONTRÉAL, March 12, 2019 /CNW/ -
LGC Capital Ltd. (the "Corporation" or "LGC") (TSXV:
LG) announces that it has filed its interim financial statements
for the three-month period ended December
31, 2018, the accompanying management's discussion and
analysis and the related CEO and CFO certifications (collectively,
the "Interim Filings"). The Interim Filings have been
made through the SEDAR filing system.
Following the Interim Filings, the Corporation expects the
management cease trade order issued by the Autorité des marches
financiers in respect of LGC's Chief Executive Officer, Chief
Financial Officer and directors, as previously announced, will be
lifted in due course.
About LGC Capital
LGC is a leading cannabis investment firm with a focus on the
Legal Global Cannabis market. Through its growing portfolio
investment companies, LGC is building a vertically integrated
system of interconnected legal cannabis companies with cultivation,
processing and distribution in Australia, Jamaica, Switzerland, Italy, and Canada serving domestic and export markets.
LGC is a Canadian incorporated public company listed on the TSX
Venture Exchange.
Through its partners and assuming pending transactions under
review by the TSXV are approved, LGC presently will have interests
in over 450,000 square feet of planted cannabis in Jamaica, Switzerland, Italy, and Australia. That is expected to increase to
over 2,100,000 square feet by 2021, as its portfolio companies
execute their expansion plans, in addition to the anticipated
licensing of Tricho-Med's operations in Quebec, Canada.
LGC partners currently sell cannabis products in over 1,000
points of sale across Switzerland
and Italy under the ONE Premium
Cannabis and EasyJoint brands as well as medical cannabis oils in
Australia under the Little Green
Pharma brand. LGC's partners' branded products are available in a
variety of formats including dry cannabis flower, tinctures, oils,
seeds, and beverages.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE LGC Capital Ltd