Emerald Health Therapeutics Extends Dates for Filing Financial Statements
30 Avril 2020 - 12:35AM
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX:
EMHTF) announces that as a result of the COVID-19 pandemic,
Emerald, as well as its auditors and filing agents, have followed
the recommendations of local health authorities and temporarily
closed their offices, having employees work remotely to minimize
their exposure risk. As such, Emerald is relying on the coordinated
relief provided by securities regulators, which consists of a
45-day extension for certain periodic filings required on or before
June 1, 2020, pursuant to BC Instrument 51-515 Temporary
Exemption from Certain Corporate Finance Requirements in British
Columbia and similar exemptions in other provinces (collectively,
the “Blanket Relief”)
Emerald will rely on these exemptions with
respect to the requirement to file:
- audited financial statements for the year ended December 31,
2019, within 120 days of the company’s financial year-end;
- the management’s discussion and analysis for the period covered
by the annual financial statements within 120 days of the company’s
financial year-end;
- its annual information form for the year ended December 31,
2019;
- certifications of the annual financial statements and annual
information form;
- interim financial statements for the quarter ended March 31,
2020, within 60 days of the company’s financial quarter-end;
- the management’s discussion and analysis for the period covered
by the interim financial statements within 60 days of the company’s
financial quarter-end; and
- certifications of the interim financial statements.
In addition, the United States Securities and
Exchange Commission (“SEC”) has issued an order under Section 36 of
the Exchange Act (Release Nos. 34-88318 (Mar. 4, 2020) and 34-88465
(Mar. 25, 2020)) (the "Order") that will provide Emerald with a
similar extension on the filing of its Annual Report on Form 20-F
provided that it satisfies the conditions of the Order, including
the filing of a Report of Foreign Private Issuer on Form 6-K with
the SEC that includes information regarding the impact of COVID-19
on the business of Emerald and certain other required
information.
Emerald is continuing to work diligently and
expeditiously to file its annual documents for the year ended
December 31, 2019, and the quarterly documents for the quarter
ended March 31, 2020. Emerald currently expects such documents to
be filed on or about May 13, 2020, and June 17, 2020,
respectively.
Emerald confirms that there have been no
material developments, other than those disclosed through news
releases, since the filing of its interim consolidated financial
statements for the period ended September 30, 2019.
Emerald advises that, in accordance with the
requirements of the Blanket Relief, management and other insiders
of Emerald are subject to a trading blackout as described, in
principle, in Section 9 of National Policy 11-207 Failure to-File
Cease Trade Orders and Revocations in Multiple Jurisdictions until
its filings are up to date.
About Emerald Health Therapeutics
Emerald Health Therapeutics, Inc. is committed
to cutting-edge cannabis science to create new consumer experiences
with distinct recreational, medical and wellness-oriented cannabis
and non-cannabis products. With an emphasis on innovation and
production excellence, Emerald’s three distinct operating assets
are designed to uniquely serve the Canadian marketplace and
international opportunities. These assets, all in full production,
include: its Richmond, BC-based greenhouse operation (78,000 square
feet) capable of producing organic-certified product; Verdélite,
its premium craft cannabis production indoor facility in St.
Eustache, Québec (88,000 square foot); and Pure Sunfarms, its
41.3%-owned joint venture in Delta, BC, producing high quality,
affordably priced products (1.1 million square feet). Its Emerald
Naturals joint venture has launched a new natural wellness product
category with its non-cannabis endocannabinoid-supporting product
line and is expanding distribution across Canada.
Please visit www.emeraldhealth.ca for more information or
contact: Jenn Hepburn, Chief Financial Officer (800) 757 3536 Ext.
#5
Emerald Investor Relations (800) 757 3536 Ext.
#5invest@emeraldhealth.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements: Certain statements made in this press release that are
not historical facts are forward-looking statements and are subject
to important risks, uncertainties and assumptions, both general and
specific, which give rise to the possibility that actual results or
events could differ materially from our expectations expressed in
or implied by such forward-looking statements. Such statements
include the filing of annual and quarterly documents.
We cannot guarantee that any forward-looking
statement will materialize, and readers are cautioned not to place
undue reliance on these forward-looking statements. These
forward-looking statements involve risks and uncertainties related
to, among other things, changes of law and regulations; changes of
government; failure to obtain regulatory approvals or permits;
failure to obtain necessary financing; results of production and
sale activities; results of scientific research; regulatory
changes; changes in prices and costs of inputs; demand for labour;
demand for products; failure of counter-parties to perform
contractual obligations; as well as the risk factors described in
Emerald’s annual information form and other regulatory filings. The
forward-looking statements contained in this press release
represent our expectations as of the date hereof. Forward-looking
statements are presented for the purpose of providing information
about management's current expectations and plans and allowing
investors and others to obtain a better understanding of our
anticipated operating environment. Readers are cautioned that such
information may not be appropriate for other purposes. Emerald
undertakes no obligations to update or revise such statements to
reflect new circumstances or unanticipated events as they occur,
unless required by applicable law.
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