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What is a Cannabis SPAC?

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What is a SPAC?

Special Purpose Acquisition Companies, known as SPACs, are companies with no commercial operations set up by investors, and which exist for the sole purpose of raising money through an initial public offering (IPO) to eventually acquire another company.

Sometimes known as “blank check companies,” SPACs are typically formed by a private equity sponsor that lists its common equities on a public stock exchange through an IPO, with the eventual goal of combining with private businesses. This creates a “back door” into the public markets since these private enterprises don’t need to go through the expense and hassle of their own IPO. Once public, a SPAC typically has two years to complete a deal or they must return their funds to investors. This timeframe for a business combination, the requirement to hold public money in trust, and other technical matters pertaining to a SPAC transaction are set contractually and by specific rules of the Securities and Exchange Commission (SEC).

In the U.S., the volume of SPAC activity has gone in waves. For example, SPAC activity significantly slowed during the financial crisis in 2008. In 2020, the SPAC wave swelled—with the COVID-19 pandemic being one of the factors.

In contrast to the U.S., the international SPAC market has mostly been sparse. Canadian investors and entrepreneurs tried to model a SPAC structure off of the U.S. system, but a more limited institutional appetite hampered the efforts. Until the last few years, there has been little SPAC activity in Canada; however, this has recently changed due to the increased presence of cannabis SPACs in Canada.

Why Cannabis? Why Canada?

In practice, private equity sponsors that form and back SPAC IPOs usually have a target industry in mind; however, a SPAC is not required to identify this target industry. With the evolving nature of cannabis legality in U.S. jurisdictions and the push towards federal legalization, some entrepreneurs in the cannabis space are considering SPACs as an early means of entry into the capital markets.

A SPAC must go through several regulatory hurdles before listing on an exchange such as Nasdaq or the New York Stock Exchange (NYSE). Among other things, a SPAC, its managers, and the FINRA-registered bankers who sell the SPAC to institutional investors must be able to demonstrate compliance with federal law as part of the listing application process. As cannabis remains federally illegal in the U.S., Nasdaq and the NYSE have made it clear that they will not accept listings of plant-touching entities, despite state law compliance.

As a result, investors and entrepreneurs have increasingly turned to the Canadian markets, where cannabis has been federally legal since October of 2018 and traded on certain exchanges before then. In particular, the Canadian Stock Exchange (CSE) and the TSX Venture Exchange (TSX-V) have listed U.S. and Canadian cannabis entities through reverse takeover transactions (RTOs). Like SPACs, an RTO involves an existing “public shell” merging with and into a private target. More recently, cannabis entities have been listed directly on the more extensive Toronto Stock Exchange and the NEO Exchange.

In contrast to the NEO, the other Canadian exchanges either do not permit SPACs (or SPAC equivalents) or do not permit operations in violation of US federal law:

  • TSX allows SPACs, but requires issuers to comply with U.S. federal law.
  • TSX-V has a SPAC equivalent called a capital pool company (CPC), but is part of the same ownership group as the TSX and is subject to the same restriction on issuers that violate U.S. federal law.
  • CSE does not offer a SPAC or SPAC equivalent.

A full list of current cannabis SPACs can be found at the end of this article.

Why Are Cannabis SPACs in the News?

SPACs were one of the big financial stories of 2020, given that they raised billions of dollars in the second half of the year. And apparently, everyone is in on the trend. Shaq has a SPAC. Richard Branson has a SPAC. Paul Ryan and Billy Beane (the “Moneyball” guy) have SPACs. Colin Kaepernick started a social justice SPAC.

Given the amount of money flowing into SPACs, it’s not surprising that the cannabis industry turned to this new trend for financing. After all, until recently, when a flurry of financings followed the Democrats taking control of the Senate, much of the funding available for cannabis had dried up since the boom times of capital markets activity in 2018.

Due to federal illegality, U.S. plant-touching entities have generally been prohibited from trading on Nasdaq or the NYSE. (Non-U.S. cannabis companies in full compliance with all applicable jurisdictional laws have not faced the same scrutiny, explaining why companies such as Tilray have enjoyed largely unfettered trading on Nasdaq.) Exchanges have been less certain about whether or not to prohibit the listing of cannabis “ancillary” companies, which aim to acquire non-plant-touching companies within the industry, including companies engaging in technology, professional services, and equipment/storage.

The first cannabis ancillary SPAC deal was MTech Acquisition’s acquisition of MJ Freeway, announced on October 11, 2018 and closed on June 17, 2019. The resulting issuer traded on Nasdaq was renamed Akerna.

The first cannabis plant-touching SPAC deal was Canaccord Genuity Growth Corp. and Columbia Care LLC’s business combination. It was announced on November 21, 2018 and closed on April 26, 2019. The resulting issuer, now called Columbia Care Inc., traded on the NEO. Subsequently, Columbia Care announced it would be dual-listed on the CSE.

Towards the end of 2020, the cannabis SPAC trend really took off with two major deals. On November 24, 2020, Subversive announced a deal that would combine Caliva, Left Coast Ventures, and Jay-Z’s cannabis company MONOGRAM. This deal closed on January 15, 2021 and is the largest cannabis SPAC deal to close to date. The resulting issuer, The Parent Company, trades on the NEO.

The second major deal of 2020 occurred on December 10, 2020, when Silver Spike announced a deal with Weedmaps, which would value the ultimate company at $1.5 billion. This transaction has not yet closed.

How Do SPACs Serve a (Hopefully Formerly) Capital-starved Industry?

The flurry of capital markets activity in the industry, buoyed by a billion-dollar bonanza on the Canadian capital markets in 2018, came with a high cost. Suddenly, publicly-listed cannabis entities—many of whom still had limited operations in only a few jurisdictions—faced investor pressure to find accretive targets quickly. A rush to find assets, mixed with both supply shortages on the sale-side and the relative lack of sophistication and operational history on the side of available targets, quickly led to overpriced deals burdened with regulatory scrutiny and little actual upside in operational expansion. Within a year, many of the successful IPO/RTO entrants had become cash-strapped.

This downward trajectory affected share prices, which affected value, and made institutional investors already wary of investing in this risky space more cautious about pursuing investments lacking “hard” metrics like EBITDA and the possession of valuable licensed assets. Investors and lenders then shifted their focus to smaller, cash-positive operations (to the extent such enterprises survived the RTO-acquisition boom).

With wary investors and a minimal number of FDIC-insured bank lenders in the space, cannabis entrepreneurs are running out of options to raise capital. SPACs create a unique opportunity to fill the current vacuum of capital in the cannabis industry—an industry with an upside that may be yet to come.

Investors may be starting to feel a turning of the tide. On the heels of Democratic control of the Senate, prominent cannabis companies have taken advantage of investor demand, with $1.6 billion of financing deals announced or closed in January.

How Does a SPAC Structure Benefit a Cannabis Entrepreneur?

The two-year lifecycle of a pre-acquisition SPAC may allow for accretive optimization in an industry where financial opportunities, regulatory hurdles, and business metrics are in a constant change of flux. Now, let’s look more closely at how the SPAC timeline typically plays out.

IPO Phase

In a process that can take approximately 3-6 months, a SPAC sponsor can work with an underwriter bank to file a registration statement, “test the waters” using a roadshow presentation, and list on a U.S. exchange.

The IPO process includes approval by the exchange to list the blank check shares and a review of the registration statement by the SEC. A key part of this phase—both legally and from a marketing directive—is finding and putting in place the right management team to identify the eventual target and run the post-acquisition business.

Operational Phase / Looking for Business Combination

During this phase, which begins immediately following the initial offering, SPAC management conducts target due diligence and engages in metrics analysis and benchmarking to identify a target roughly the size of the public capital raised during the IPO. Nasdaq rules require that the acquisition occurs with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in trust, comprised of the IPO-raised and sponsor capital.

It is important to note that SPAC management may not legally identify any targets before the IPO. Following the IPO, besides targeting and locating the target, the SPAC must also maintain SEC compliance with regularly filed annual, quarterly, and periodic public filings.

Business Combination Transaction

Once one or more targets are identified and an LOI is executed, the parties work through several complicated steps of effecting the transaction. Like any M&A transaction, there is extensive diligence on the target and a negotiation of the key merger economics and mechanics. Additional SPAC requirements include obtaining requisite shareholder approval of the transaction, and the shareholders’ ability to redeem units purchased in the IPO either via a tender offer or in a shareholder’s meeting called specifically for consideration of the transaction.

SPACs typically also have a mechanism, discussed in their registration documents, allowing for an extension of the timeline to complete the business combination upon shareholder approval (though this period does not typically exceed 24 months).

Business Integration

Once the merger is completed, the private target is typically merged with and into an entity designated by the SPAC and becomes a publicly-traded company with full SEC filing obligations. Of note, the applicable exchange will, once again, have the opportunity to review and approve the entity’s shares listing at the time of the business combination to ensure the target business continues to meet all of the exchange’s listing rules, including federal compliance.

Cannabis SPAC Advantages

SPAC structure and timeline may be advantageous to a cannabis entrepreneur willing to think outside the box for traditional capital financing. Because the SPAC doesn’t need to detail the acquisition target industry at the IPO stage, and because it is prohibited to identify a target business at this stage, issuers have the luxury of time to find a target.

Given the changing landscape of cannabis legalization, this creates the possibility that a plant-touching business may be compliant with federal law by the time of a business combination. Absent this, the issuers can still focus on federally and state-compliant ancillary businesses, hemp operations, or international plant-touching companies when acquiring a target.

This timeline also allows cannabis industry insiders the opportunity to pursue high upside opportunities that are still in the early stages of operation, or even in the licensing and application stages. The prospect of securing licenses within the SPAC lifetime can result in exponential valuation, resulting in potential alignment with the available acquisition resources for the SPAC. Most importantly, following a business combination, a cannabis enterprise would have immediate access to capital, including on more robust U.S. markets. Such a timely capital infusion could benefit early-to-market listed entities immensely.

What are the Unique Challenges of Cannabis SPACs?

Exchange Approval

Of course, several obstacles stand in the way of a cannabis SPAC listing—including, primarily, approval of the applicable exchanges involved in the transaction. As stated above, U.S. exchanges, at the time of publication, have not been willing to list companies holding cannabis licenses in the U.S. But exchanges are becoming more and more comfortable with certain ancillary companies. The comfort level of an exchange concerning a specific deal may depend on the details of the target company’s operations.

Cannabis M&A Generally

All the typical challenges of cannabis M&A also apply to SPAC transactions. We don’t need to rehash all of these concerns in this article. For reference, some common issues in cannabis deals are discussed in these articles about Cannabis REITs and Due Diligence in Cannabis Transactions, and in this Cannabis M&A presentation.

It is worthwhile to emphasize one of the most significant issues: the need, depending on the state and localities of licensure, to obtain regulatory approval before closing the deal and to subject the SPAC to a background check. But future cannabis SPAC transactions may be subject to regulatory approval at the state and local levels.

Who Are the Players in the World of Cannabis SPACs?

SPAC Exchange(s) and Ticker Size (USD) Status
Choice Consolidation SPAC NEO (Not yet traded) $100 million IPO phase.

Preliminary prospectus filed on January 22, 2021.

Tuatara Capital Acquisition Nasdaq (TCACU) $175 million IPO phase.

Preliminary prospectus filed on January 27, 2021.

Ackrell SPAC Partners I Co. Nasdaq (ACKIU) $138 million Target search

June 21, 2022 deadline.

Greenrose Acquisition Nasdaq (GNRS) $150 million Target search

Aug. 13, 2021 deadline.

Merida Merger I Nasdaq (MCMJ) & NEO (MMK.UN) $130 million Target Search

Nov. 7, 2021 deadline.

Ceres Acquisition Corp. NEO (CERE.UN) $120 million Target Search

November 2, 2022 deadline.

Bespoke Capital Acquisition Corp. Toronto Stock Exchange (BC.U) $350 million Target Search

Announcedon December 28, 2020 it is expanding its search beyond the cannabis industry.

Tuscan Holdings Corp. II Nasdaq (THCA) $173 million Target Search

Rumors of non-cannabis deal being pursued.

January 16, 2021 deadline.

Canaccord Genuity Growth II Corp. NEO (CGGZ) $100 million Announced confidential non-binding LOI with prospective target in December 2020.

April 5, 2021 deadline.

Collective Growth Corp. Nasdaq (CGRO) $150 million Announced business combination.

Announced a non-cannabis deal.

Silver Spike Acquisition Corp. Nasdaq (SSPK) $250 million Announced business combination.

Announced plans on December 10, 2020 to merge with Weedmaps and list on Nasdaq.

Tuscan Holdings Corp. Nasdaq (THCB) $240 million Announced business combination.

Announced plans to merger with a non-cannabis company called Microvast that makes batteries for electronic vehicles.

The Parent Company (formerly Subversive Capital Acquisition Corp.) NEO (GRAM.U) $575 million Closed business combination.

Closed a transaction with several companies (Caliva, Left Coast Ventures, JAY-Z’s Monogram) to create The Parent Company.

Ayr Strategies (formerly Cannabis Acquisition Strategies Corp.) CSE (AYR) $125 million Closed business combination.
Akerna Corp (formerly MTech Acquisition Corp) Nasdaq (KERN) $50 million Closed business combination.

Closed merger with MJ Freeway on June 17, 2019 and now listed on Nasdaq as Akerna Corp.

Columbia Care Inc. (formerly Canaccord Genuity Growth Corp.) CSE (CCHW) & NEO $46 million Closed business combination.

Closed merger on April 26, 2019.

The New Cannabis Ventures SPAC tracker is a useful resource for staying on top of cannabis SPACs—some of the above information was pulled from it.

Source: Vicente SederbergWhat is a Cannabis SPAC?

Source: https://spacfeed.com/what-is-a-cannabis-spac?utm_source=rss&utm_medium=rss&utm_campaign=what-is-a-cannabis-spac

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New Jersey and Virginia Recreational Marijuana Legalization Signed Into Law

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New Jersey’s recreational marijuana legislation has become law and the Virginia recreational marijuana bill makes it the first southern state to legalize.

The post New Jersey and Virginia Recreational Marijuana Legalization Signed Into Law appeared first on Medical Marijuana 411.

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Source: https://medicalmarijuana411.com/virginia-recreational-marijuana/

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Global Demand for Functional Mushrooms is On the Rise, and Link Reservations Inc/LinkResPet (OTC: LRSV) Is Ready to Capitalise on Growing Demand

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London, UK, March 2, 2021 – OTC PR WIRE – 2021 Functional mushrooms have become one of the top health and wellness stories of 2021. Used in a variety of health and wellness products, as well as pharmacological ones, functional mushrooms have seen an increase in demand due to their wide-range benefits, from boosting the immune system to providing a healthier dietary option. Understandably the increase in interest has kickstarted new opportunities in the wellness market, which LinkReservations Inc. (OTC Pink: LRSV) is poised to capitalise on.

 

 

As a provider of wellness and cannabidiol (CBD) products for both humans and pets,  Link Reservations Inc. has taken the step to expand its DailyLifeCBD product line to include a suite of functional mushroom-infused products. Starting with an assortment of non-edible lifestyle products, LRSV is looking to grow the range as the site and demand increases – adding specific products based on the plethora of benefits and varieties available.

After all, the benefits of the different mushroom varieties are wide-ranging. For example, some specific types of mushrooms have been shown to help increase mental clarity, and assist with immune support. According to Mordor Intelligence, “A number of scientific studies have confirmed the ability of functional mushrooms and mushroom-derived supplements to increase the effectiveness of both innate and adaptive immune systems. The market is expected to experience huge demand for Reishi and Cordyceps, followed by the other types of medicinal mushrooms.”

Another examples is the Lion’s Mane variety, which has shown to be “good for the brain”, as reported by The New York Times, as “a study published in 2011 showed the mushroom reduced memory loss symptoms in mice,” adding that in one study in older people “found that daily lion’s mane supplements improved their mental functioning”. Mushrooms in general have proved to have benefits for our immune system, according to dietitian Ryanne Lachman, as quoted by the Cleveland Clinic. “A big one tends to be with reducing inflammation. Mushrooms also contain antioxidants, which can help support the immune system”.

Read the latest LRSV release:(February 22, 2021)

Link Reservations Inc./LinkResPet To Roll Out Mushroom-Infused Wellness Products

For more information about DailyLifeCBD please visit: https://dailylifecbd.com/

DailyLifeCBD is sister brand to LinkResPet, a website focused on providing CBD pet products for dogs, cats and horses. For more information about LinkResPet, please visit www.linkrespet.com or follow them on Twitter on @res_pet

About Link Reservations Inc.

Link Reservations Inc is CBD Petcare provider dedicated to improving the health and life conditions of pets worldwide. Developing and marketing hemp-based CBD products for cats, dogs and horses, the Company is currently present in Europe and in the US. A pioneer in the area, Link Reservations Inc products can be found under its brand LinkResPets (www.linkrespet.com).

Forward-Looking Statements & Disclaimers:

The information in this Press Release includes certain “forward-looking” statements within the meaning of the Safe Harbor provisions of Federal Securities Laws, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this document, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Linkreservations Inc

400 Thames Valley Park Drive

Reading Berkshire RG6 1 PT

United Kingdom

Phone: +44 330 808 0897

 

 

 

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Source: https://otcprwire.com/global-demand-for-functional-mushrooms-is-on-the-rise-and-link-reservations-inc-linkrespet-otc-lrsv-is-ready-to-capitalise-on-growing-demand/

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Global Demand for Functional Mushrooms is On the Rise, and Link Reservations Inc/LinkResPet (OTC: LRSV) Is Ready to Capitalise on Growing Demand

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London, UK, March 2, 2021 – OTC PR WIRE – 2021 Functional mushrooms have become one of the top health and wellness stories of 2021. Used in a variety of health and wellness products, as well as pharmacological ones, functional mushrooms have seen an increase in demand due to their wide-range benefits, from boosting the immune system to providing a healthier dietary option. Understandably the increase in interest has kickstarted new opportunities in the wellness market, which LinkReservations Inc. (OTC Pink: LRSV) is poised to capitalise on.

 

 

As a provider of wellness and cannabidiol (CBD) products for both humans and pets,  Link Reservations Inc. has taken the step to expand its DailyLifeCBD product line to include a suite of functional mushroom-infused products. Starting with an assortment of non-edible lifestyle products, LRSV is looking to grow the range as the site and demand increases – adding specific products based on the plethora of benefits and varieties available.

After all, the benefits of the different mushroom varieties are wide-ranging. For example, some specific types of mushrooms have been shown to help increase mental clarity, and assist with immune support. According to Mordor Intelligence, “A number of scientific studies have confirmed the ability of functional mushrooms and mushroom-derived supplements to increase the effectiveness of both innate and adaptive immune systems. The market is expected to experience huge demand for Reishi and Cordyceps, followed by the other types of medicinal mushrooms.”

Another examples is the Lion’s Mane variety, which has shown to be “good for the brain”, as reported by The New York Times, as “a study published in 2011 showed the mushroom reduced memory loss symptoms in mice,” adding that in one study in older people “found that daily lion’s mane supplements improved their mental functioning”. Mushrooms in general have proved to have benefits for our immune system, according to dietitian Ryanne Lachman, as quoted by the Cleveland Clinic. “A big one tends to be with reducing inflammation. Mushrooms also contain antioxidants, which can help support the immune system”.

Read the latest LRSV release:(February 22, 2021)

Link Reservations Inc./LinkResPet To Roll Out Mushroom-Infused Wellness Products

For more information about DailyLifeCBD please visit: https://dailylifecbd.com/

DailyLifeCBD is sister brand to LinkResPet, a website focused on providing CBD pet products for dogs, cats and horses. For more information about LinkResPet, please visit www.linkrespet.com or follow them on Twitter on @res_pet

About Link Reservations Inc.

Link Reservations Inc is CBD Petcare provider dedicated to improving the health and life conditions of pets worldwide. Developing and marketing hemp-based CBD products for cats, dogs and horses, the Company is currently present in Europe and in the US. A pioneer in the area, Link Reservations Inc products can be found under its brand LinkResPets (www.linkrespet.com).

Forward-Looking Statements & Disclaimers:

The information in this Press Release includes certain “forward-looking” statements within the meaning of the Safe Harbor provisions of Federal Securities Laws, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this document, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Linkreservations Inc

400 Thames Valley Park Drive

Reading Berkshire RG6 1 PT

United Kingdom

Phone: +44 330 808 0897

 

 

 

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Source: https://otcprwire.com/global-demand-for-functional-mushrooms-is-on-the-rise-and-link-reservations-inc-linkrespet-otc-lrsv-is-ready-to-capitalise-on-growing-demand/

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NOHO, INC. PROVIDES UPDATES TO CURRENT FINANCIALS AND FILINGS

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Scottsdale, Arizona, March 2, 2021 – OTC PR WIRE – NOHO, Inc. (OTC PINK: DRNK), a Wyoming corporation (the “Company”), announced the following:

The management of NOHO, Inc. is pleased to provide information concerning the company’s financial reporting and filings.  Following the Company’s release of the asset purchase transactions with Sibannac, Inc. (OTC PINK: SNNC), the Company has received a substantial number of communications from shareholders concerning the status of the Company’s current accounting and corporate filings.  Management has prioritized communication with our shareholders at the highest level and wishes to provide full transparency regarding these inquiries.

Wyoming

NOHO has retained local counsel in Wyoming, the Company’s state of incorporation, to handle its state filings in order to reinstate the Company to good standing with the secretary of state.  Counsel has indicated to the company that the updated records and good standing should be finalized in approximately two weeks.  The Company will advise when the filings are completed.

OTC Filings

The Company is focused on bringing its financial statements, filings and reporting current, and will be submitting the same to OTC Markets, with a target date of March 20, 2021. Management recently accomplished the same process with Sibannac, Inc.  In this effort, the Company is investigating the legitimacy of outstanding debt and prior share issuance obligations entered into by prior management dating back several years.

While the Company will report the information in the filings, it is current management’s position, that most of these obligations, including unconverted promissory notes, are not legally enforceable or collectible based on the legal status of the lenders and statute of limitations.  As a result, it is anticipated that the accounting treatment of these past debts should be reflected positively on the Company’s balance sheet.  The Company’s securities counsel will be issuing the required legal opinion concerning the updated reporting upon completion of the review.

NOHO’s CEO, David Mersky, said, “Following the news of the proposed acquisition of RāD8, our new Delta-8 THC brand, we’ve received a lot of communication from our shareholders regarding our financial reporting and accounting and felt that it was necessary to keep the public updated.  Management is committed to restoring NOHO to good standing with its state filings and providing current financials to OTC Markets.  We will be continuing to open communications with shareholders and will be providing a platform to ask management questions about operations and products.  We will identify the key topics and provide responses accordingly to keep the public apprised of our progress and commitment to full disclosure.  Open communication provides the foundation for shareholder confidence and that is the most important thing for management to understand.”

NOHO will continue to provide status updates on its filings and accounting as they occur.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Noho, Inc. (the “Company”), its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.

NOHO Inc.
9535 E Doubletree Ranch Road, STE 120
Scottsdale, AZ 85228
David Mersky
CEO
Phone: (516)-660-9669

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Source: https://otcprwire.com/noho-inc-provides-updates-to-current-financials-and-filings/

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