REG - Yooma Wellness Inc. - Suspension of Share Trading

Yooma WellnessAnnouncement

09/05/2023 09:30

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RNS Number : 7939Y  Yooma Wellness Inc.  09 May 2023

 For immediate release  9 May 2023

 

 

Yooma Wellness Inc.

('Yooma' or the 'Company' or the 'Group')

 

Suspension of Trading

 

Yooma Wellness Inc (CSE: YOOM) (AQSE: YOOM) announces, further to the
announcement of 24 April 2023, that its common shares have been suspended from
trading today.

 

The Company anticipates that it will complete the Annual Filings on or before
15 July 2023, and that revocation of the Cease Trade Order and the lifting of
the share suspension is expected to occur within a few days after the Annual
Filings are made.

 

The directors of the company accept responsibility for the contents of this
announcement.

 

- Ends -

 For further information, please contact:

 Yooma Wellness Inc.                        Tel: + 1 512 823 1678

 Jordan Greenberg                           jgreenberg@yooma.ca

 AQSE Corporate Adviser:

 Peterhouse Capital Limited                 Tel: +44 (0) 20 7469 0930

 Guy Miller / Mark Anwyl                    Tel: +44 (0) 7990 139 093

 

Notice regarding Forward Looking Statements

 

All information included in this press release, including any information as
to future financial or operating performance and other statements of Yooma
that express management's expectations or estimates of future performance or
activities, other than statements of historical fact, constitute
forward-looking information or forward-looking statements (collectively,
"forward-looking statements") within the meaning of applicable securities laws
and are based on expectations, estimates and projections as of the date
hereof. Forward-looking statements are included for the purpose of providing
information about management's current expectations and plans relating to the
future. Wherever possible, words such as "will", "intend", "future", "plan",
or the negative of these words or other variations thereof, have been used to
identify such forward-looking information. Specific forward-looking statements
include, without limitation, all disclosure regarding future results of
operations, economic conditions and anticipated courses of action, including
statements about the Company's ability to file its annual filings on the
timelines described above, and the subsequent revocation of the cease trade
order.

 

There are many risks and uncertainties that may affect forward-looking
statements including, among others, regulatory risk in each jurisdiction in
which Yooma does or intends to operate; the uncertainties, effects of and
responses to the COVID-19 pandemic; reliance on licenses; competition;
dependence on senior management and key personnel; general business risk and
liability; regulation of the CBD industry; changes in laws, regulations and
guidelines; compliance with laws; limited operating history; unfavourable
publicity or consumer perception; product liability, risks related to
intellectual property; product recalls; difficulties with forecasts;
management of growth; litigation; Yooma's ability to effectively integrate
existing and future acquisition targets into its platform; the effects of
competition in the industry; the requirement for increasingly innovative
product solutions and service offerings; trends in customer growth; the
availability of financing to support future growth and working capital
requirements, transactional activity and operations; sufficiency of current
working capital to support future operating and working capital requirements;
Yooma's ability to prepare and file its annual filings before the date
specified herein and other matters which are beyond the control of Yooma.
Although the forward-looking statements contained herein reflect management's
current beliefs and reasonable assumptions based upon information available to
management as of the date hereof, Yooma cannot be certain that actual results
will be consistent with such forward-looking information. Yooma cautions you
not to place undue reliance upon any such forward-looking statements. Yooma
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise,
except as required by applicable law. Nothing herein should be construed as
either an offer to sell or a solicitation to buy or sell securities of Yooma.

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