FinCanna Capital Corp. Announces Change of Management and Provides Corporate Update
FinCanna Capital Corp. Announces Change of Management and Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - December 21, 2022) - FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) ("Fincanna" or the "Company") is pleased to announce management changes and to provide corporate update.
安大略省多倫多-(Newsfile Corp.-2022年12月21日)-FinCanna Capital Corp. (CSE：CALI)(場外市場：FNNZF) ("芬卡納“或”公司“)很高興宣佈管理層變動，並提供公司最新情況。
Change of Management
管理層的變動
The Company has restructured its management team:
公司重組了管理團隊：
Andriyko Herchak has resigned as Chief Executive Officer and director of the Company; Patrick Goggin has resigned as director; Robert Scott has resigned as Chief Financial Officer and Jeff Dare has resigned as Corporate Secretary of the Company. Michael Coner will remain a director of the Company and is joined on the board of directors by Vern Vipul and James Blackwell. Vern Vipul has also been appointed Chief Executive Officer, Eric Myung has been appointed Chief Financial Officer and Enrico Moretti of Boyle & Co. LLP has been named Corporate Secretary of the Company.
安德烈科·赫恰克辭去了公司首席執行官和董事的職務；帕特里克·高金辭去了董事的職務；羅伯特·斯科特辭去了首席財務官的職務，Jeff·達爾辭去了公司的公司祕書職務。邁克爾·科納將繼續擔任公司董事的一員，弗恩·維普爾和詹姆斯·布萊克韋爾也將加入董事會。Vern Vipul還被任命為首席執行官，Eric Myung被任命為首席財務官，Boyle&Co.LLP的恩里科·莫雷蒂被任命為公司祕書。
Vern Vipul is a lawyer and was called to the Ontario Bar in 2004. Vern is former general counsel and secretary at Rifco Inc. and currently in-house counsel to Wealth Stewards Inc. Mr. Vipul completed his Bachelor of Arts in 1998 and received his LLB in 2001. He also obtained a Master of Taxation degree in 2003 before being called to the Bar. Mr. Vipul is a former partner at KPMG LLP and KPMG Law LLP, with extensive experience in many areas of tax law, and has represented large multi-national corporations at the Tax Court of Canada. Mr. Vipul was in-house legal counsel at iA Auto Finance from 2015 to 2018, where he was responsible for all legal aspects of the company' business. During this time, Mr. Vipul worked closely with the legal group at iA Financial Corporation Inc., the parent company of iA Auto Finance. Mr. Vipul is also a co-founder of Canadian Auto Repair Holdings, where he currently serves as general counsel and secretary.
Vern Vipul是一名律師，2004年在安大略省獲得律師資格。Vern先生是Rifco Inc.的前總法律顧問和祕書，目前是Wealth Stewards Inc.的內部法律顧問。Vipul先生於1998年完成了他的文學學士學位，並於2001年獲得了法律學士學位。他還在2003年獲得税務碩士學位，之後獲得大律師資格。Vipul先生是畢馬威律師事務所和畢馬威律師事務所的前合夥人，在許多税法領域擁有豐富的經驗，並曾在加拿大税務法院代表大型跨國公司。Vipul先生在2015至2018年間擔任IA Auto Finance的內部法律顧問，負責公司業務的所有法律方面。在此期間，維普爾先生與IA汽車金融公司的母公司IA Financial Corporation Inc.的法律小組密切合作。維普爾也是加拿大汽車維修控股公司的聯合創始人，目前擔任該公司的總法律顧問和祕書。
Mr. Blackwell recently retired as a partner of BDO Canada LLP, having completed a successful 30 year career in Orangeville, Ontario with roles including: Chairman of the Policy Board 2001/2002, National Policy Board member 1999 to 2005, Office and Group Managing Partner for the last 15 years of his career, and de facto Wealth Advisory Service leader of BDO from 2000 to 2016. His practice area covered all aspects of a public accounting practice including audit, attest assignments, personal and corporate tax advisory and planning, and business consulting assignments. Mr. Blackwell obtained his CPA in 1984 and his CFP designation in 1997 through the challenge exam process. Mr. Blackwell has been on many volunteer boards for both CPA Ontario and CFP Canada, including appeals, discipline, continuing education, and admissions committees.
Blackwell先生最近從BDO Canada LLP的合夥人職位上退休，他在安大略省奧蘭治維爾成功地完成了30年的職業生涯，擔任的職務包括：2001/2002年度政策委員會主席、1999至2005年國家政策委員會成員、職業生涯最後15年的辦公室和集團管理合夥人，以及2000至2016年間BDO事實上的財富諮詢服務負責人。他的執業領域涵蓋了公共會計業務的方方面面，包括審計、證明人任務、個人和公司税務諮詢和規劃以及商業諮詢任務。布萊克韋爾於1984年獲得註冊會計師資格，並於1997年通過挑戰考試獲得CFP稱號。布萊克韋爾先生曾是安大略省註冊會計師和加拿大CFP的許多志願者委員會的成員，包括上訴、紀律、繼續教育和招生委員會。
Mr. Myung is a Senior Financial Analyst of Marrelli Support Services Inc., providing CFO, accounting, regulatory compliance, and management advisory services to numerous issuers on the TSX, TSX-Venture, Canadian Securities Exchange and other Canadian and US exchanges. Mr. Myung is a Canadian Chartered Professional Accountant and has a Master of Accounting degree from University of Waterloo.
Myung先生是Marrelli Support Services Inc.的高級金融分析師，為多倫多證券交易所、多倫多證券交易所風險投資公司、加拿大證券交易所和其他加拿大和美國交易所的眾多發行人提供首席財務官、會計、監管合規和管理諮詢服務。Myung先生是加拿大特許職業會計師，擁有滑鐵盧大學會計碩士學位。
Restructuring Plan
重組計劃
The Company currently has no active business operations, having determined to cease funding its last remaining investee company in August, 2022 (see press releases dated August 10, 2022 and August 29, 2022). The new management team has determined to restructure the Company, including the conversion of an aggregate of $3,742,750 principal amount of outstanding secured convertible debentures at a reduced conversion rate of $0.005 per share ("Debenture Conversion"), subject to CSE approval. The Debenture Conversion represents approximately 55% of the currently outstanding debentures and will result in the issuance of approximately 748,550,000 shares of the Company to debenture holders including the former officers and directors of the Company. The Debenture Conversion will be effected by a written resolution of Debenture holders holding not less than two thirds (2/3) of the outstanding Debentures.
該公司目前沒有活躍的業務運營，已決定在2022年8月停止為其最後一家被投資公司提供資金(見2022年8月10日和2022年8月29日的新聞稿)。新的管理團隊已決定重組公司，包括轉換總額為3,742,750美元的未償還有擔保可轉換債券本金，轉換率降至每股0.005美元(“債券轉換“)。債券轉換約佔目前已發行債券的55%，將導致向債券持有人(包括本公司前高級管理人員及董事)發行約748,550,000股本公司股份。債券轉換將由持有不少於三分之二(2/3)未償還債券的債券持有人以書面決議案進行。
The Company anticipates it will be placed on Inactive status by CSE upon completion of the proposed Debenture Conversion. The Company's new board of directors will immediately undertake an evaluation of the Company's opportunities and will develop a new strategic direction for the Company.
本公司預期，在完成建議的債券轉換後，CSE將把其置於非活躍狀態。公司新的董事會將立即對公司的機會進行評估，並將為公司制定新的戰略方向。
About FinCanna Capital Corp.
關於FinCanna資本公司
FinCanna was an investment company providing growth capital to rapidly emerging private companies operating in the licensed U.S cannabis industry. FinCanna no longer has active business operations. For additional information visit and FinCanna's profile at .
FinCanna是一家投資公司，為在獲得許可的美國大麻行業運營的快速崛起的私人公司提供增長資本。FinCanna不再擁有活躍的業務運營。欲瞭解更多信息，請訪問FinCanna的個人資料。
FinCanna Capital Corp.
Vern Vipul, CEO and Director
416-545-9103
vvipul@wealthstewards.ca
FinCanna Capital Corp.
弗恩·維普爾，董事首席執行官
416-545-9103
郵箱：vvipul@richthstewards.ca
Forward-Looking Information
前瞻性信息
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is based on management's current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release includes statements about: the implementation and details of the management changes and restructuring including Debenture Conversion.
本新聞稿包含適用證券法定義的“前瞻性信息”和“前瞻性陳述”(統稱為“前瞻性信息”)。前瞻性信息是基於管理層目前的預期和信念，會受到一些風險和不確定因素的影響，這些風險和不確定因素可能導致實際結果與前瞻性陳述中描述的大不相同。本新聞稿中的前瞻性信息包括以下陳述：管理層變動和重組的實施和細節，包括債券轉換。
With respect to the forward-looking information contained in this news release, FinCanna has made numerous assumptions regarding, among other things: the ability to obtain all necessary regulatory approvals on a timely basis, or at all; the ability of the new management team to successfully restructure FIncanna, and continued economic and market stability. While FinCanna considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies.
關於本新聞稿中包含的前瞻性信息，FinCanna對以下方面做出了許多假設：及時或完全獲得所有必要的監管批准的能力；新的管理團隊成功重組FIncanna的能力，以及持續的經濟和市場穩定。雖然FinCanna認為這些假設是合理的，但這些假設本身就受到重大商業、經濟、競爭、市場和社會不確定性和意外事件的影響。
Additionally, there are known and unknown risk factors which could cause FinCanna's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: regulatory filings may not be filed or approved on a timely basis, or at all; FinCanna may not implement the Consolidation on a timely basis, or at all. A more complete discussion of the risks and uncertainties facing FinCanna is disclosed in FinCanna's most recent management discussion & analysis and other continuous disclosure filed with Canadian securities regulatory authorities on SEDAR at .
此外，存在已知和未知的風險因素，可能導致FinCanna的實際結果、業績或成就與本文中包含的前瞻性信息明示或暗示的任何未來結果、業績或成就大不相同。已知的風險因素包括：監管備案可能沒有及時提交或批准，或者根本沒有；FinCanna可能沒有及時實施合併，或者根本沒有。關於FinCanna面臨的風險和不確定性的更完整的討論，在FinCanna最近提交給加拿大證券監管機構的關於SEDAR的管理層討論和分析以及其他連續披露中披露，網址為：.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and FinCanna disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
本文中的所有前瞻性信息均受本警示聲明的約束，FinCanna沒有義務修改或更新任何此類前瞻性信息或公開宣佈對本文中包含的任何前瞻性信息的任何修改結果，以反映未來的結果、事件或發展，除非法律另有要求。
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。