LOS ANGELES AND IRVINE – September 1, 2020 – ManifestSeven (“M7” or the “Company”), California’s first integrated omnichannel platform for legal cannabis, today announced that it will complete its previously announced reverse takeover transaction of P&P Ventures Inc., and change its name to ManifestSeven Holdings Corporation (“M7 Holdings”).
In conjunction with that transaction, each holder of M7 Class A Common Shares will receive three Class A Subordinate Voting Shares of M7 Holdings (the “Shares”). The Company anticipates that the Shares will commence trading on the Canadian Securities Exchange (the “CSE”) on September 15, under the ticker symbol “MSVN”.
“This is an exciting milestone several years in the making, and speaks to the ingenuity and resilience of M7, both as a company and investment prospect,” said Sturges Karban, CEO of ManifestSeven. “We are immensely proud of this achievement and with access to capital markets, will look to further expand our seamless, compliant omnichannel platform across California and eventually North America.”
The CSE also welcomed the announcement.
“We applaud ManifestSeven for navigating unprecedented global conditions to make this moment possible,” said James Black, the CSE’s Vice President of Listings Development. “It is always gratifying to welcome a newly listed company to the CSE issuer base. We recognize the hard work and effort that goes into making a market debut possible and are eager to see M7 evolve. The CSE wishes the team success on the ‘Exchange for Entrepreneurs’.”
ManifestSeven is the first integrated omnichannel platform for legal cannabis, merging compliant distribution with a retail superhighway. M7, with offices in Commerce and Irvine, California, services the needs of lawful operators across the supply chain, from the cultivator to the consumer, through an expansive network of four facilities stretching from the San Francisco Bay Area to San Diego. M7 further augments its business-to-business value proposition with a growing portfolio of owned and operated retail operations located in major metro markets, including brick-and-mortar dispensaries, local on-demand delivery services, e-commerce, and subscription offerings.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS:
This press release contains “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 U.S. 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 the Company’s beliefs and assumptions regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. This forward-looking information is based on certain assumptions made by management and other factors used by management in developing such information. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include final acceptance of the listing of the Shares on CSE, regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.
Joel Labi, ManifestSeven
+61 450 582 360
Dan Margolis, for ManifestSeven
+1 (213) 452-6472
INVESTOR RELATIONS CONTACT:
+1 (949) 409-9330