Indus Holdings Inc. Announces Resignation of Board Member Sam Tramiel
20 January 2020 - 10:00PM
Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF), a
leading, vertically-integrated cannabis company, announces that
effective January 11, 2020, Sam Tramiel has resigned from the Indus
Holdings, Inc. Board of Directors for personal reasons.
“We are grateful for his contribution and will
move forward with confidence, knowing Sam has helped position Indus
for a very bright future,” said Chief Executive Officer and
Co-Founder Robert Weakley.
About Indus Holdings, Inc.Indus
Holdings, Inc. (CSE:INDS) is a vertically-integrated cannabis
company with advanced production capabilities, including
cultivation, extraction, manufacturing, brand sales &
marketing, and distribution. Founded in 2014 and based in Salinas,
California, Indus offers services supporting every step of the
supply chain and an extensive portfolio of award-winning brands,
including House Weed, The Original Pot Co., MOON, Acme, and Dixie
Elixirs & Edibles. Indus Distribution, a division of Indus
Holdings, Inc., is a leading distributor of cannabis products,
servicing an extensive portfolio of brands and licensed
retailers.
Media Contact:Renata
FollmannRossetti Public Relationspr@indusholdingco.com
Investor Relations Contact:Bill MitoulasIndus
Holdings, Inc.ir@indusholdingco.comOffice: 1.416.479.9547
Company Contact:Robert
Weakleyir@indusholdingco.com
Forward Looking 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 Indus’ beliefs regarding future events,
plans or objectives, many of which, by their nature, are inherently
uncertain and outside of Indus’ 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", “future” 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.” There can be no assurance that such forward-looking
information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such forward-looking information. This forward-looking information
reflects Indus’ current beliefs and is based on information
currently available to Indus and on assumptions Indus believes are
reasonable.
Forward-looking information is subject to known
and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements
of Indus to be materially different from those expressed or implied
by such forward-looking information. Such risks and other factors
may include, but are not limited to: general business, economic,
competitive, political and social uncertainties; general capital
market conditions and market prices for securities; delay or
failure to receive board or regulatory approvals; the actual
results of future operations; operating and development costs;
competition; changes in legislation or regulations affecting Indus;
the timing and availability of external financing on acceptable
terms; the available funds of Indus and the anticipated use of such
funds; favorable production levels and outputs; the stability of
pricing of cannabis products; the level of demand for cannabis
product; the availability of third-party service providers and
other inputs for Indus’ operations; and lack of qualified, skilled
labor or loss of key individuals. A description of additional
assumptions used to develop such forward-looking information and a
description of additional risk factors that may cause actual
results to differ materially from forward-looking information can
be found in Indus’ disclosure documents, such as Indus’ listing
statement filed on the SEDAR website at www.sedar.com. Although
Indus has attempted to identify important factors that could cause
actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. Readers
are cautioned that the foregoing list of factors is not exhaustive.
Readers are further cautioned not to place undue reliance on
forward-looking information as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur.
Forward-looking information contained in this
news release is expressly qualified by this cautionary statement.
The forward-looking information contained in this news release
represents the expectations of Indus as of the date of this news
release and, accordingly, is subject to change after such date.
However, Indus expressly disclaims any intention or obligation to
update or revise any forward looking information, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable securities law. Neither the
Canadian Securities Exchange nor its Regulation Service Provider
has reviewed, or accepts responsibility for the adequacy or
accuracy of, the content of this news release.