Vancouver, British Columbia, January 23, 2023 /CNW/- good flower corporation (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) (“GFCO“) has received a request from OTC Markets Group Inc. (“OTC Markets”) to make a statement regarding recent promotional activity relating to its Class “A” common stock (“Common Stock”).
upon January 19, 2023OTC Markets recognizes certain promotional activities relating to the Company and its common stock traded on the OTCQB Marketplace, including the distribution of digital marketing materials and promotional newsletter emails published by Think Ink Marketing Data & Email Services Inc. You have notified us that you have done so. “Think”) discusses the company, its business, and the wheat industry in general. Marketing materials also include summaries of recent news releases issued by the Company. OTC Markets provided a sample promotional material for your reference.
Think is a third-party digital marketing company held by us to provide communications and digital media services. Information contained in marketing materials are factual statements about the company, its business and the wheat industry.
We provided Think with the published sources for its marketing materials and retained editorial control over the language of the materials, including reviewing the materials for factual accuracy prior to distribution. We do not believe the statements in our marketing materials and newsletter emails are materially false or misleading. Think’s appointment, the nature of the relationship between GFCO and Think, and the remuneration payable to Think are February 25, 2022This can be found on SEDAR’s company profile and company website. For more complete and specific information regarding the company, its prospects and the risks associated with those prospects, readers should consult the company’s public filings on SEDAR. We encourage investors to contact their investment advisors before making any investment.
To GFCO’s knowledge, neither Think nor any of its principals owns, directly or indirectly, any of our common stock.Starting a Digital Marketing Campaign April 4, 2022During the past 12 months, we have entered into an agreement with Think and Financial Research & Publication Ltd. (disclosed in a press release dated). December 9, 2022) to provide digital marketing services such as content creation, distribution and market awareness campaigns; Also, previously he was contracted with Venture Liquidity Partners Inc. and now he is contracted with Integral Wealth Securities Limited, both of which provide his market making services. All parties referred to in this paragraph are defined as “Third Party Service Providers.”
Further, we understand that this promotional activity may have coincided with increased trading activity in our common stock since January 2018. January 10, 2023We do not believe that promotional activities are the primary driver of our common stock trading volume growth. Rather, promotional materials have focused attention on the company’s recent advances disclosed in news releases and regulatory filings, which we believe have led to an increase in trading volume.upon December 21, 2022 The company has announced significant achievements in the 12 months since going public, recently announcing the addition of major US and Canadian retailers to its product distribution channels and the launch of new products.
After management’s investigation, none of our executive officers, directors, or, to our knowledge, our controlling shareholders and third party service providers, except as outlined below, have ever sold or purchased our common stock. 90 days.
Within the past 90 days, (i) Mr. Dennis SilvaAn officer and director of the Company, through a company controlled by Mr. Silva, has purchased shares of the Company in an Offering (as defined below). Hamid SalimianOur director, Ms. Jennifer Petersthe officers of the Company’s subsidiaries each acquired 109,375 in conversion of the convertible bonds originally issued. November 2021(iii) Integral Wealth Security Limited purchased and sold shares in the Company in accordance with its market-making functions;
upon December 9, 2022 Company announces closing of unbrokered private placement and raising of gross proceeds $1,925,250 (“Offering”). The offering consisted of his 5,500,713 units (each a “Unit”) issued in the United States. $0.35 Per unit that was a discount to the market price. Each unit consists of one common stock and one transferable warrant (each a “Warrant”).Each warrant gives the holder the right to purchase additional shares of common stock at the exercise price for a period of three years from the date of issuance. $0.40 per share that was above the market price at the time the offering was announced. All securities issued in the offering are subject to a statutory holding period of four months.
upon December 21, 2022 The company announced a settlement $10,000 Resolved outstanding debt by issuing 21,276 shares of common stock at a market discount (the “Debt Settlement”). All securities issued in the Debt Settlement are subject to a statutory four month hold period.
About Good Flower Corporation
GFCO’s mission is to provide gluten-free, allergen-free, hassle-free food that allows individuals with gluten and other food allergies to enjoy life without having to give up their favorite foods or settle for lower-quality alternatives. GFCO also offers gluten and allergen free fried chicken doughs, fish & chip doughs, pizza & pasta mixes, tempura doughs, pancake & waffle blends, cake mixes and pizza doughs. doing.
For more information about The Good Flour Corp., please visit www.goodflour.co.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking information” regarding anticipated developments and events related to GFCO that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements regarding demand for GFCO’s products and GFCO’s future sales and business objectives.
In some cases, forward-looking information may include the use of words such as “expect,” “intend,” or “anticipate,” or variations of such words or phrases, or specific actions, events, or outcomes. “could”, “would” or “could” imply future results or other expectations, assumptions, intentions or statements regarding future events or performance. Included in this news release Forward-looking information is based on, among other things, certain assumptions regarding the timely receipt of regulatory approvals. ability to source ingredients; ability to attract competent management and staff; Ability to effectively expand manufacturing and production capacity. Ability to drive market initiative success and brand awareness. Ability to distribute company products. The ability to attract, maintain and expand relationships with key strategic restaurant and foodservice partners and GFCO will continue to have access to funding until it achieves profitability. GFCO believes these assumptions are reasonable, but could be wrong.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results to differ from those expressed by the forward-looking information. can vary greatly. Such factors include risks associated with general business, economic and social uncertainties. Risks associated with the machinery supply chain. Litigation, availability of key product ingredients. legislative, environmental, and other judicial, regulatory, political, and competitive developments; We were unable to effectively expand our production capacity. Ability to obtain retail partners to sell our products. Inability to attract, maintain and expand relationships with major restaurant and food service partners. Changes in consumer tastes. Delay or failure to obtain regulatory approval. Sufficient cash to meet liquidity needs. Inability to attract competent management and staff, labor disputes. Additional risks identified in the “Risk Factors” section of his GFCO filings with applicable Canadian securities regulators.
While GFCO has attempted to identify factors that could cause actual results to differ materially from those set forth in the forward-looking information, there may be other factors that could cause results to differ from those set forth in the forward-looking information. I have. Readers should not place undue reliance on forward-looking information. Forward-looking information is current as of the date of this news release. GFCO undertakes no obligation to publicly update any forward-looking information, except as required by applicable securities laws.
Source The Good Flour Corp.
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