17 professionally operated, best in class retail Cannabis locations in B.C, Ontario and Saskatchewan

Fiscal Year 2022 Record Revenues of $26.9 Million + 58% Over Prior Year

Message: Kiaro Appoints Konstantin Abuladze to Board of Directors

Canada NewsWire

VANCOUVER, BC July 7, 2022 /CNW/ -  Kiaro  Holdings  Corp.  ("Kiaro"  or  the  "Company")  (TSXV: KO)  (OTC: KIARF),  a  national  omni-channel  cannabis  retailer  and  wholesale  distributor,  is  pleased  to  announce  that  subject  to  the  approval  of  the  TSX  Venture  Exchange  (the  " TSXV "),  the  Company  has  appointed  Mr.  Konstantin Abuladze  to  its  Board  of  Directors  (the " Appointment ") effective as of July 7th, 2022 .

Konstantin Abuladze is a Kazakh-born Canadian entrepreneur and former multinational oil and gas director. Mr. Abuladze has spent several years advancing the promise of medical cannabis in Canada , and abroad. His expertise in cannabis regulations, licensing, and production have propelled him into a sought-after thought leader in both the CIS region and internationally.

"I am delighted to join the board of directors." Said Mr. Abuladze. "I believe that this is a pivotal time for the cannabis industry and I look forward to sharing my resources with a leading cannabis retailer in Canada ."

Kiaro Holdings Corp.

Based  in  Vancouver,  British  Columbia,  Kiaro  is  an  independent,  omni-channel  cannabis  retailer  and  distributor.  Through  existing  storefronts  across  British  Columbia,  Saskatchewan,  and  Ontario,  and  with  the  completion  of  the  recent  acquisition  of  Hemisphere  Cannabis  from  Aegis  Brands,  Kiaro  has  17  stores  with  another  two  expected  in  the  fourth  quarter  of  this  fiscal  year.  This  is  in  addition  to  its  wholesale  distribution  division  servicing  Saskatchewan,  and  ecommerce  sites  in  Canada,  the  US  and  Australia.  Kiaro  is  driven  to  introduce  new  and  experienced  consumers  to  a  lifelong  exploration  of  cannabis.  With  more  than  70  years  of  collective  retail  and  wholesale  focused  experience,  Kiaro's  leadership  team  has  a  proven  track  record  of  executing  on  acquisitions  and  financings,  and  moreover  growing  brands  across  North  America.  The  Company  plans  to  continue  its  growth  trajectory  through  its  consumer-centric  retail,  ecommerce,  and wholesale distribution segments over the coming years.

For more information about the Company, including the most recent analyst report, please visit  investors.kiaro.com.

On behalf of Kiaro Holdings Corp.

"Eleanor Lynch"

Eleanor Lynch, Interim Chief Executive Officer

Neither  TSX  Venture  Exchange  nor  its  Regulation  Services  Provider  (as  that  term  is  defined  in  policies  of  the  TSX  Venture  Exchange)  accepts  responsibility  for  the  adequacy  or accuracy of this release.

Forward-Looking Information

This  news  release  contains  statements  that  may  constitute  "forward-looking  information"  within  the  meaning  of  applicable  Canadian  securities  legislation.  Forward-looking  information  may  include,  among  others,  statements  regarding  the  future  plans,  costs,  objectives  or  performance  of  Kiaro,  or  the  assumptions  underlying  any  of  the  foregoing.  In  this  news  release,  words  such  as  "may",  "would",  "could",  "will",  "likely",  "believe",  "expect",  "anticipate",  "intend",  "plan",  "estimate"  and  similar  words  and  the  negative  form  thereof  are  used  to  identify  forward-looking  statements.  In  this  news  release,  forward-looking  statements  relate,  among  other  things,  to:  expectations  regarding  obtaining  the  approval  of  the  TSXV  for  the  Appointment  and  expectations for other economic, business, and/or competitive factors.

Forward-looking  statements  should  not  be  read  as  guarantees  of  future  performance  or  results,  and  will  not  necessarily  be  accurate  indications  of  whether,  or  the  times  at  or  by  which,  such  future  performance  will  be  achieved.  No  assurance  can  be  given  that  any  events  anticipated  by  the  forward-looking  information  will  transpire  or  occur.  Forward-looking  information  is  based  on  information  available  at  the  time  and/or  management's  good-faith  belief  with  respect  to  future  events  and  are  subject  to  known  or  unknown  risks,  uncertainties,  assumptions  and  other  unpredictable  factors,  many  of  which  are  beyond  Kiaro's  control.  These  risks,  uncertainties  and  assumptions  include,  but  are  not  limited  to,  those  described  in  filing  statement  of  the  Company  dated  September  29,  2020,  a  copy  of  which  is  available  on  SEDAR  at www.sedar.com ,   and  could  cause  actual  events  or  results  to  differ  materially  from  those  projected  in  any  forward-looking  statements.  Furthermore,  any  forward  looking  information  with  respect  to  future  expansion  plans  is  subject  to  the  qualification  that  management  of  Kiaro  may  decide,  and  the  assumptions  that  any  construction  or  conversion  would  not  be  cost  prohibitive,  required  permits  will  be  obtained  and  the  labour,  materials  and  equipment  necessary  to  complete  such  construction  or  conversion  will  be  available.  Accordingly,  readers  should  not  place  undue  reliance  on  the  forward-looking  statements  and  information  contained  in  this  news  release.  Kiaro  does  not  intend,  nor  undertake  any  obligation,  to  update  or  revise  any  forward-looking  information  contained  in  this  news  release  to  reflect  subsequent  information,  events  or  circumstances or otherwise, except if required by applicable laws.


SOURCE Kiaro Holdings Corp.

New Message
Please login to post a reply