EDMONTON, AB, April 27, 2021 /CNW/ - Nova Cannabis
Inc. (the "Company" or "Nova") (TSXV: NOVC)
today announced that it has released its annual audited
consolidated financial statements and management's discussion and
analysis for the year ended December 31,
2020, both of which are available from the Company's profile
on SEDAR, at www.sedar.com, or on the Company's website at
www.novacannabis.ca.
As the consolidated financial statements and the management's
discussion and analysis are for the year ended December 31, 2020, they only reflect the
financial results of the legacy business of YSS Corp. (which was
subsequently renamed Nova Cannabis Inc. on March 22, 2021) and do not reflect the completion
of the reverse take-over that closed on March 22, 2021, which resulted in YSS Corp.
acquiring Alcanna Inc.'s (TSX: CLIQ) retail cannabis division, or
the concurrent financing of Alcanna Cannabis Stores Finance Ltd.
(now a subsidiary of the Company) that was completed on
February 10, 2021.
Change in Auditor
As contemplated in the Company's management information circular
dated February 12, 2021, which is
available from the Company's profile on SEDAR, at www.sedar.com,
Nova also announced today that KPMG LLP of Calgary, Alberta will resign as auditor of
Nova on April 28, 2021 and that the
Company has engaged PricewaterhouseCoopers LLP of Edmonton, Alberta to become the auditor of the
Company effective April 28, 2021.
ABOUT NOVA CANNABIS INC.
Nova is one of Canada's largest
and fastest growing cannabis retailers with a goal to disrupt the
cannabis retail market by offering a wide range of high-quality
cannabis products at every-day best value prices. The Company
currently operates 53 locations across Alberta, Ontario and Saskatchewan primarily under its Value Buds
and Nova Cannabis banners. The Company is majority owned by Alcanna
Inc. (TSX: CLIQ).
Nova's common shares trade on the TSX Venture Exchange under the
symbol "NOVC".
Additional information about Nova Cannabis Inc. is available at
www.sedar.com and the Company's website at www.novacannabis.ca.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Nova Cannabis Inc.