BC Craft Supply Co. Provides Update

VANCOUVER, British Columbia, Aug. 27, 2021 (Globalrelease Wire) — BC Craft Supply Co. Ltd., (CSE: CRFT) (“CRFT” or the “Company”), a diversified wellness company advancing cannabinoid and psychedelic innovation and psychotherapy, wishes to advise that Mrs. Regan McGrath has resigned as the Company’s Chief Financial Officer (“CFO”), effective August 24, 2021. Mr. Matt Watters has been appointed as the interim CFO while a suitable replacement is being sought.

The Company also announces that it has adjourned the Annual General Meeting of shareholders (the “Meeting“) that took place today, Friday, August 27, 2021 at 10:00 a.m., to Friday, September 10, 2021 at 10:00 a.m. (the “Adjourned Meeting”). The Adjourned Meeting will be held at the same location as the Meeting (#810 – 789 West Pender Street in Vancouver, British Columbia) and by toll free teleconference at 1-800-319-7310 Participation Code: 77783. To implement the adjournment, the Meeting was still convened on August 27, 2021 at 10:00 a.m., other than a motion to adjourn the Meeting, no voting or other matters were conducted at the Meeting.

During the adjournment period, the Company will continue to solicit proxies from its shareholders with respect to the proposals to be voted upon at the Meeting, as outlined in the Company’s Management Information Circular dated July 23, 2021 which was provided to all shareholders and is available at www.sedar.com. Only shareholders as of the previously determined record date of July 23, 2021 are entitled to and are being requested to vote. No further action is required for shareholders that previously submitted a completed form of proxy for the Meeting. The Company will issue further news releases respecting the Adjourned Meeting and the business to be conducted at the Adjourned Meeting as and when warranted.

About BC Craft Supply Co. Ltd. 
BC Craft Supply Co. Ltd. is a diversified wellness company advancing cannabinoid and psychedelic innovation and psychotherapy. The Company offers a reimagined vision for craft markets through collaboration, expertise, and adaptation. Its operations include:

  • CRFT a curator and aggregator of craft cannabis, providing advocacy and access for premium small-batch growers to Canada’s cannabis market;
  • Medcann Health Products – a cultivation and processing facility in Chemainus, BC;
  • Feelwell Brands, a successful cannabinoid brand house licensed in the state of California; and 
  • AVA Pathways a pre-clinical biotech company focused on neuroplasticity and mental health applications using psilocybin and compounds derived from mushrooms.

BC Craft works with local artists cross-sector and remains fervently committed to keeping the art, technique, and purity of their pursuit.

Follow @BC_Craft on Twitter for the latest updates.

THE CANADIAN SECURITIES EXCHANGE (THE “CSE”) HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements include, but are not limited to, the anticipated closing the Private Placement.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political, and social uncertainties. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, CRFT assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

For further information: 
Matthew Watters, CEO, and Director 
Phone: (604) 687-2038.
Email: [email protected] 

BC Craft Supply Co. Ltd.
Suite 810 – 789 West Pender Street
Vancouver, British Columbia
V6C 1H2

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