Yellow Stem Announces Name Change and Corporate Update
Yellow Stem Announces Name Change and Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2023) - Yellow Stem Tech Inc. (CSE: YY) (the "Company") provides an update on corporate events.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年5月29日)-黃莖科技公司。(CSE：YY)(“本公司”)提供有關企業活動的最新情況。
Name Change
更名
As disclosed in the Company's news release of May 15, 2023, the Company's name change from Yellow Stem Tech Inc. to Sweet Poison Spirits Inc. will be effective on June 1, 2023. The Company's trading symbol will change to "SPS", and the new CUSIP number for the Company's common shares will be 87043J104.
根據公司2023年5月15日的新聞稿披露，公司名稱從黃莖科技公司更名為甜毒烈酒公司將於2023年6月1日生效。公司的交易代碼將改為“SPS”，公司普通股的新CUSIP編號將為87043J104。
Business Update
商業動態
The name change is a result of the Company rebranding itself and all its affiliated businesses. Principally the Company will be operating under its Product Distribution Agreement (the "Distribution Agreement") with Sweet Poison Spirits S de RL de CV, a Mexican company headquartered in Guadalajara, Mexico, and Sweet Poison Spirits LLC, a California limited liability corporation headquartered in San Diego, California (collectively, "Sweet Poison") to distribute Sweet Poison's premium Tequila and Mezcal products under the "Sweet Poison" brand names. For details of the Distribution Agreement and the related industry, please see the Company's Listing Statement dated March 27, 2023 as filed on SEDAR and the CSE website. Please also refer to the Company's news release of May 15, 2023, which sets out terms of amendments to the Distribution Agreement. The Listing Statement is being reviewed by the CSE, and so is subject to change. Any material changes will be outlined in a subsequent news release and reflected in a revised Listing Statement.
更名是公司對自身及其所有關聯業務進行品牌重塑的結果。主要而言，本公司將與總部位於墨西哥瓜達拉哈拉的墨西哥公司S de RL de CV及總部位於加州聖地亞哥的加州有限責任公司Sweet Poison Spirits LLC(統稱為“Sweet Poison”)根據其產品分銷協定(“分銷協定”)經營，以“Sweet Poison”品牌分銷Sweet Poison的優質龍舌蘭酒和Mezcal產品。有關分銷協定及相關行業的詳情，請參閱本公司於2023年3月27日於SEDAR及CSE網站提交的上市聲明。還請參閱公司於2023年5月15日發佈的新聞稿，其中列出了對分銷協定的修訂條款。中交所正在審查上市說明書，因此可能會發生變化。任何重大變化將在隨後的新聞稿中概述，並反映在修訂後的上市聲明中。
While distributing Sweet Poison spirits under the Distribution Agreement will be the Company's primary focus in the next 12 months, the Company continues to monitor the pricing of cryptocurrencies, with a view to restarting its mining operations should it again become profitable. As noted in prior disclosure, the Company ceased mining cryptocurrency shortly after acquiring its mining rigs due to a material decline in cryptocurrency prices. Similarly, while the Company is not presently carrying any activities in the hemp growing and product manufacturing business, the Company may re-initiate such business under the "Sweet Poison" brand, should that industry again look profitable.
雖然根據分銷協定分銷甜毒烈酒將是本公司未來12個月的主要重點，但本公司將繼續監察加密貨幣的定價，以期在其再次盈利時重新開始採礦業務。如先前披露所述，由於加密貨幣價格大幅下跌，該公司在收購其採礦鑽機後不久就停止了開採加密貨幣。同樣，雖然本公司目前沒有從事任何大麻種植和產品製造業務，但如果該行業看起來再次盈利，本公司可能會以“甜毒”品牌重新開展此類業務。
The Company intends to investigate new and alternative businesses that are complementary to management's skills and expertise, all of which will be operated under the "Sweet Poison" brand.
該公司打算研究與管理層的技能和專業知識互補的新的和替代的業務，所有這些業務都將以“Sweet Poison”品牌運營。
Private Placement
私募
As previously announced (see news release of May 15, 2023), the Company has arranged a non-brokered private placement of up to $1 million through the issuance of up to 10 million units (the "Units") at a price of $0.10 per Unit. Funds will be used primarily to acquire inventory from Sweet Poison, to arrange new distribution agents, and for marketing costs associated with distributing the Sweet Poison tequila and mezcal products.
正如之前宣佈的(見2023年5月15日的新聞稿)，公司已安排了一次高達100萬美元的非仲介私募，發行最多1000萬個單位(“單位”)，每個單位的價格為0.10美元。資金將主要用於從Sweet Poison收購庫存，安排新的分銷代理，以及與分銷Sweet Poison龍舌蘭和Mezcal產品相關的營銷費用。
ON BEHALF OF THE BOARD
我代表董事會
Signed "Robert Eadie"
Robert Eadie, President, Chief Executive Officer and Director
署名“羅伯特·伊迪”
羅伯特·伊迪，董事首席執行官總裁
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935 Facsimile: 1-604-602-4936
Contact: Robert Eadie
欲瞭解更多資訊，請聯繫：
電話：1-604-602-4935傳真：1-604-602-4936
聯繫人：羅伯特·伊迪
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
加拿大證券交易所及其監管服務提供商(該術語在加拿大證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to closing of agreements and future operations.
本新聞稿中的某些陳述和資訊，包括所有非歷史事實的陳述，均包含適用證券法所指的前瞻性陳述和前瞻性資訊。這類前瞻性陳述或資訊包括但不限於與結束協定和未來業務有關的陳述或資訊。
Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. There is no assurance the Company will be able to execute its distribution plans profitably, or at all. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
前瞻性陳述和資訊的性質是基於假設的，涉及已知和未知的風險、不確定因素和其他因素，這些風險、不確定因素和其他因素可能會導致公司的實際結果、業績或成就與此類前瞻性陳述或資訊明示或暗示的任何未來結果、業績或成就大不相同。不能保證該公司能夠有利可圖地執行其分銷計劃，或者根本不能保證。除非依照適用的證券法，否則公司不承諾更新任何前瞻性資訊。
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譯文內容由第三人軟體翻譯。