CALGARY,
AB, June 19, 2023 /CNW/ - Canadabis Capital
Inc. ("CanadaBis" or "the Company"), a leading Canadian cannabis
company, is excited to announce the launch of its new super slim
style pre roll line. The company aims to provide its consumers with
a wide range of premium quality products, and believes that the new
line will cater to those looking for a more sophisticated smoking
experience.
Travis McIntyre, CEO of Canadabis
Capital, shared his excitement at the launch of the new line. "We
are thrilled to be introducing our new super slim style pre roll
line under DAB BODS and HIGH PRIESTESS brands. These pre rolls have
been expertly crafted to offer a truly premium smoking experience,
and we can't wait for our customers to try them out."
According to McIntyre, Canadabis Capital is committed to driving
innovation in the cannabis industry. "As the cannabis market
continues to grow and evolve, we are looking forward to seeing the
evolution of enhanced and infused pre rolls over the next 12-24
months," he added.
The new super slim style pre roll line will be available for
purchase from select retailers in Canada.
CanadaBis Capital Inc. ("CanadaBis" or "the Company") has
granted options to two directors and one employee under its Stock
Option Plan, to purchase up to 1,000,000 common shares for a period
of five years commencing on June 19,
2023 at an exercise price of $0.24 per share. The options will vest one-half
in six months and the remaining half shall vest one year from
the date of grant.
ABOUT CANADABIS CAPITAL INC.
CanadaBis Capital Inc. (TSXV: CANB) is a
vertically integrated Canadian cannabis
company focused on achieving large-scale
growth, from cultivation to retail, in the
fast-emerging global cannabis market. By targeting
organic growth opportunities alongside the
right-fit partners, we
remain focused on finding and capitalizing on
chances to grow, diversify and continue to
lead our industry.
Our integrated subsidiaries:
- Stigma Pharmaceuticals Inc. – 100% held
- 1998643 Alberta Ltd. (operating as "Stigma Grow") - 100% held;
www.stigmagrow.ca
- Full Spectrum Labs Ltd. (operating as "Stigma Roots") - 100%
held
- 2103157 Alberta Ltd. (operating as "INDICAtive Collection")
-100% held; www.indicativecollection.ca
- Goldstream Cannabis Inc. - 95% held.
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION:
This news release includes certain "forward-looking
statements" under applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to,
statements with respect to our business and operations; timing of
the Company's profitability; the demand and sales volumes of the
Company's products, and our general business plans. Forward-looking
statements are necessarily based upon a number of assumptions
including: the ability of the Company's products to compete with
the pricing and product availability on the black-market; the
market demand for the Company's products; and assumptions
concerning the Company's competitive advantages. These
assumptions, while considered reasonable, are subject to
known and unknown risks, uncertainties, and other factors which may
cause 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: compliance with extensive
government regulation, the general business, economic, competitive,
political and social uncertainties; ability to sustain or create
demand for a product; requirement for further capital; delay or
failure to receive board, shareholder or regulatory approvals; the
results of operations and such other matters as set out in the
Company's continuous disclosure on SEDAR at www.sedar.com. There
can be no assurance that such 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
forward-looking statements. Investors are cautioned that
forward-looking information is not based on historical facts but
instead reflects management's expectations, estimates or
projections concerning future results or events based on the
opinions, assumptions and estimates of management considered
reasonable at the date the statements are made. Although we believe
that the expectations reflected in such forward-looking information
are reasonable, such information involves risks and uncertainties,
and undue reliance should not be placed on such information, as
unknown or unpredictable factors could have a material adverse
effect on our future results, performance or achievements.
Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated,
believed, estimated or expected. Although the Company has attempted
to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended.
Company does not intend, and does not assume any obligation, to
update this forward-looking information except as otherwise
required by applicable law.
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.
SOURCE CanadaBis Capital Inc.