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INDS - Indus Holdings Inc News Story

C$1.83 -0.3  -13.3%

Last Trade - 04/03/21

Sector
Healthcare
Size
Small Cap
Market Cap £71.0m
Enterprise Value £91.3m
Revenue £30.6m
Position in Universe 796th / 2710

Indus Holdings, Inc. Files Final Base Shelf Prospectus

Mon 14th December, 2020 1:42pm
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NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

SALINAS, Calif., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Indus Holdings, Inc.
("Indus” or the “Company”) (CSE:INDS; OTCQX: INDXF), a leading,
vertically-integrated, California-focused cannabis company, is pleased to
announce that it has filed a final short form base shelf prospectus (the
“Shelf Prospectus”) with the securities regulatory authorities in each of
the provinces of Canada, except Québec.

The Shelf Prospectus will, subject to securities regulatory requirements,
enable the Company to make offerings of up to CAD$100 million of any
combination of subordinate voting shares, debt securities, subscription
receipts, warrants and units (all of the foregoing, collectively, the
“Securities”) during the 25-month period that the Shelf Prospectus,
including any amendments thereto, remains valid. The nature, size and timing
of any such offerings (if any) will depend, in part, on the Company’s
assessment of its requirements for funding and general market conditions.
Unless otherwise specified in a prospectus supplement relating to a particular
offering of Securities, the net proceeds from any sale of any Securities are
expected to be used for discretionary capital programs, potential future
acquisitions, general corporate purposes and repayment of indebtedness
outstanding from time to time. The specific terms of any future offering of
Securities will be established in a prospectus supplement to the Shelf
Prospectus, which supplement will be filed with the applicable Canadian
securities regulatory authorities.

A copy of the Shelf Prospectus is available on the Company’s profile on
SEDAR at www.sedar.com.

This news release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of, Securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of any such
jurisdiction. The Securities have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered
or sold in the United States or to, or for the account or benefit of, U.S.
persons absent registration or an applicable exemption from the registration
requirements.

ABOUT INDUS HOLDINGS, INC
Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF) is a vertically-integrated
cannabis company with advanced production capabilities, including cultivation,
extraction, manufacturing, brand sales & marketing, and distribution. Founded
in 2014 and based in Salinas, California, Indus offers services supporting
every step of the supply chain and an extensive portfolio of award-winning
brands, including Cypress Cannabis, House Weed, The Original Pot Co., MOON,
Humble Flower, and Kaizen Medicinals. Indus Distribution, a division of Indus
Holdings, Inc., is a leading distributor of cannabis products, servicing an
extensive portfolio of brands and licensed retailers.

Investor Relations Contact
Bill Mitoulas
Indus Holdings, Inc.
ir@indusholdingco.com

(https://www.globenewswire.com/Tracker?data=wXyenAFc_FtGXaCA6SNYZvT_551ZGvsE3uD4DpOcw-x9TLbFd2piLSFlXflVfK9EzkzriYgdi_6L5bEvg7b7gg==)Office:
1.416.479.9547

Media Contact
Renata Follmann
pr@indusholdingco.com

Company Contact 
Mark Ainsworth
ir@indusholdingco.com

Forward-Looking Information and Statements

This news release contains certain “forward-looking information” within
the meaning of applicable Canadian securities legislation and may also contain
statements that may constitute “forward-looking statements” within the
meaning of the safe harbor provisions of the United States Private Securities
Litigation Reform Act of 1995. Such forward-looking information and
forward-looking statements are not representative of historical facts or
information or current condition, but instead represent only Indus’ beliefs
regarding future events, plans or objectives, many of which, by their nature,
are inherently uncertain and outside of Indus’ control. Generally, such
forward-looking information or forward-looking statements can be identified by
the use of forward-looking terminology such as “plans”, “expects” or
“does not expect”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates” or “does
not anticipate”, or “believes”, or variations of such words and phrases
or may contain statements that certain actions, events or results “may”,
“could”, “would”, “might” or “will be taken”, “will
continue”, “will occur” or “will be achieved”. The forward-looking
information and forward-looking statements contained herein may include, but
are not limited to, information concerning the Shelf Prospectus, any
prospectus supplements to the Shelf Prospectus, any offering using the Shelf
Prospectus, the proposed use of proceeds from any offering using the Shelf
Prospectus, and expectations for other economic, business, and/or competitive
factors. There can be no assurance that such forward-looking information and
statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such forward-looking
information and statements. Such forward-looking information and statements
reflect Indus’ current beliefs and are based on information currently
available to Indus and on assumptions Indus believes are reasonable.

Forward-looking information and statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Indus to be materially
different from those expressed or implied by such forward-looking information
and statements. Such risks and other factors may include, but are not limited
to: general business, economic, competitive, political and social
uncertainties; general capital market conditions and market prices for
securities; delay or failure to receive board or regulatory approvals; the
actual results of future operations; operating and development costs;
competition; changes in legislation or regulations affecting Indus; the timing
and availability of external financing on acceptable terms; the available
funds of Indus and the anticipated use of such funds; delay or inability to
complete an acquisition; favorable production levels and outputs; prolonged or
more detrimental than anticipated impact on production yields resulting from
the wildfires in 2020; the stability of pricing of cannabis products; the
level of demand for cannabis product; the availability of third-party service
providers and other inputs for Indus’ operations; lack of qualified, skilled
labor or loss of key individuals; and risks and delays resulting from the
COVID-19 pandemic. A description of additional assumptions used to develop
such forward-looking information and statements and a description of
additional risk factors that may cause actual results to differ materially
from forward-looking information and statements can be found in Indus’
disclosure documents, including its Shelf Prospectus (including the documents
incorporated by reference therein) filed on the SEDAR website at
www.sedar.com. Although Indus has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking information and statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. Readers are
cautioned that the foregoing list of factors is not exhaustive. Readers are
further cautioned not to place undue reliance on forward-looking information
and statements as there can be no assurance that the plans, intentions or
expectations upon which they are placed will occur. Forward-looking
information and statements contained in this news release are expressly
qualified by this cautionary statement.

The forward-looking information and statements contained in this news release
represent the expectations of Indus as of the date of this news release and,
accordingly, are subject to change after such date. However, Indus expressly
disclaims any intention or obligation to update or revise any forward-looking
information and statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable securities
law. Neither the Canadian Securities Exchange nor its Regulation Service
Provider has reviewed, or accepts responsibility for the adequacy or accuracy
of, the content of this news release.



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