Delic Holdings Inc. (“
DELIC” or the
“
Company”), a psychedelic-focused media,
e-commerce and event company, is pleased to announce that effective
at market open today, the Company will begin trading on the
Canadian Securities Exchange under the ticker symbol “DELC.”
Jackee Stang, CEO of DELIC comments “Canada has
consistently shown leadership in helping cannabis and now
psychedelics emerge from false stigmas. Canada was the first G7
country to legalize cannabis, and as psychedelics further gain
ground on what may appear as false stigmas, the health and wellness
sector will only grow. As such, the DELIC community is deeply proud
to be a part of the Canadian Securities Exchange. We started DELIC
to mainstream the psychedelic conversation, advocate for cognitive
freedom and ultimately see an end to the War on Drugs.”
Ms. Stang continued, “As the first ever
psychedelic wellness corporation, it is our mission to open the
doors of psychedelic healing to the masses. We decided to take
DELIC public because we believe that psychedelic wellness should be
open to everyone... All people from diverse backgrounds and varied
life experiences. DELIC is the first ever psychedelic wellness
company designed to disrupt the status quo by diversifying our
operations, maintaining sensible messaging and intentionally
avoiding dogmatic practices or binary rhetoric. We believe in being
pragmatic and maintaining a clear-headed approach as the
psychedelic sector continues to build.”
In conjunction with the previously-announced
business combination with Molystar Resources Inc., DELIC raised
$3,475,500 through a non-brokered private placement
offering.
On November 17, 2020, the Company issued an
aggregate of 3,450,000 options to directors, officers and certain
advisors pursuant to the Company’s share compensation plan — each
with an exercise price of $0.25, vesting as to 1/3 of such options
on each of the 6, 12 and 18-month anniversaries, and expiring in
three years.
About DELIC
DELIC was formed in 2019 to address the growing
interest in psychedelic science. DELIC was the first psychedelic
umbrella media platform and is currently a trusted source for
those interested in psychedelic science. DELIC’s offerings
include “The Delic”, an e-commerce lifestyle brand, ”Reality
Sandwich”, a free public education platform providing psychedelic
guides, news and culture and “Meet Delic”, a proposed biannual
psychedelic wellness summit. For more information, check out
www.deliccorp.com.
ContactDaniel
Southan-DwyerCorporate Developmentdsd@deliccorp.com
The Canadian Securities Exchange has
neither approved nor disapproved the contents of this news release
and does not accept responsibility for the adequacy or accuracy of
this release.
This news release does not constitute an offer
to sell, or a solicitation of an offer to buy, any securities in
the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any state
securities laws and may not be offered or sold within the United
States unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Forward-Looking Information and
Statements
This press release contains certain
“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 United States 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 regarding future
events, plans or objectives, many of which, by their nature, are
inherently uncertain and outside of DELIC’s control. Generally,
such forward-looking information or forward-looking statements
can be identified by the use of forward-looking terminology such as
”plans”, ”expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
”anticipates” or “does not anticipate”, or “believes”, or
variations of such words and phrases or may contain statements
that certain actions, events or results “may”, “could”, “would”,
“might” or “will be taken”, “will continue”, ”will occur” or
“will be achieved”. The forward-looking information and
forward-looking statements contained herein may include, but are
not limited to, information concerning listing on the Canadian
Securities Exchange, anticipated continued growth in the health and
wellness sector (and, in particular, related to psychedelics), the
continued emergence of psychedelics from stigmas, the ability of
the Company to maintain sensible messaging, the ability of the
Company to avoid dogmatic practices and binary rhetoric, the
ability of DELIC to successfully achieve business objectives, and
expectations for other economic, business, and/or competitive
factors.
By identifying such information and statements
in this manner, DELIC is alerting the reader that such
information and statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of DELIC to
be materially different from those expressed or implied by such
information and statements. In addition, in connection with the
forward-looking information and forward-looking statements
contained in this press release, DELIC has made certain
assumptions. Among the key factors that could cause actual
results to differ materially from those projected in the
forward-looking information and statements are the following: the
ability to consummate the Proposed Transaction; the ability to
obtain requisite regulatory and securityholder approvals and the
satisfaction of other conditions to the consummation of the
Proposed Transaction on the proposed terms and schedule; the
ability to satisfy the conditions to the conversion of the
Subscription Receipts (as defined in the Previous Press Release);
the potential impact of the announcement or consummation of the
Proposed Transaction on relationships, including with regulatory
bodies, employees, suppliers, customers and competitors; changes
in general economic, business and political conditions, including
changes in the financial markets; changes in applicable laws;
compliance with extensive government regulation; and the diversion
of management time on the Proposed Transaction.
Should one or more of these risks, uncertainties
or other factors materialize, or should assumptions underlying the
forward-looking information or statements prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated, believed, estimated or
expected.
Although DELIC 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. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release, and DELIC 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 DELIC
or persons acting on its behalf is expressly qualified in its
entirety by this notice.
NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN UNITED
STATES
Delic (CSE:DELC)
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