Camarico Halt Update
TheNewswire - April 2nd, 2020 - Camarico Investment Group Ltd. (CSE:CIG) (CNSX:CIG.CN) ("Company") would like to provide the following update on the halt and corporate status.
- Camarico FamliFarms Ltd. and One Eleven Cannabis have not resolved the outstanding lawsuit announced on March 2nd, 2020.
- Camarico Group Ltd. is in violation of the companies listing policy and currently has one director of the three minimum corporate directors.
- Camarico Land & Development's Georgetown development is currently on hold due to seasonal restraints and COVID 19.
- Camarico FamliFarms is still assessing the 2020 hemp growing season and financial viability.
Camarico has formally requested the halted remain in effect until compliance is met regarding listing compliance and the addition of a third director.
Mr. Anthony Chan
Camarico Investment Group Ltd.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information contained in this news release.