SPEAKEASY CANNABIS CLUB LTD.
NOT FOR DISTRIBUTION OR FOR DISSEMINATION IN THE UNITED STATES
CORPORATE WEEKLY UPDATE – APRIL 8, 2022
SpeakEasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the “Company” or “SpeakEasy”), a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act wishes to provide an update to its shareholders.
SpeakEasy was created in the small town of Rock Creek, in southern BC. Since its inception, the Company has always been community and family focused. We’re proud to be Rock Creek’s largest employer and as the 2022 outdoor growing season approaches, we’re happy to announce the expansion of our team.
Throughout the year our team consists of 80+ full time employees. Earlier this year, SpeakEasy was granted a licence to operate a 13,300 sq ft of additional growing space, allowing the Company to bring on an additional 8 staff members to assist with the craft flower growing operations.
Image 1: Our team preparing infused pre-rolls for packaging
Additionally, each year we increased our team size significantly with seasonal employees to assist with the extensive outdoor operations. This year, due to the shortage of labour workers in the area, the Company will be looking to hire an international team to assist with the labour-intensive field work.
Our staff are an extension of our community and embody the family culture that we have built here at SpeakEasy. Through their hard work and dedication, we’re able to achieve the Company’s organizational goals that bring SpeakEasy closer to becoming a nationally recognized company.
Using the data collected from last year’s outdoor operations, the Company is preparing for another successful outdoor growing season. As the process unfolds, the Company will provide details through the 2022 outdoor growing season.
About SpeakEasy Cannabis Club Ltd.
SpeakEasy Cannabis Club Ltd. holds a cultivation, processing and sales licence issued by Health Canada under the Cannabis Act. SpeakEasy owns 290 acres of land in Rock Creek, British Columbia, and leverages five generations of farming experience in B.C. as well as its favourable location to grow and process high-quality cannabis products at low cost. SpeakEasy cultivates small batch, high quality craft cannabis at scale in a portion of its 63,200 square foot indoor cannabis complex and has completed its harvest of its 60-acre outdoor field.
On behalf of the Board of the Directors
For more information please contact:
This corporate update contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause SpeakEasy’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward-looking statements in this document include statements concerning its expectation to become a nationally recognized company, the anticipated successful harvest of the 2022 outdoor crop, its ability to hire international workers, the Company’s ability to satisfy the requirements of NP 12-203 and all other statements that are not statements of historical fact.
Although SpeakEasy believes the forward-looking information contained in this update is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with the global COVID-19 pandemic, including the risk that the Company be deemed a non-essential business and asked to temporarily cease operations; general economic conditions; adverse industry events; future legislative and regulatory developments involving cannabis; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the cannabis industry in Canada and generally; the demand for cannabis and cannabis related products, the ability of SpeakEasy to implement its business strategies; competition; the ability of SpeakEasy to obtain and retain all applicable licences under the Cannabis Act and other assumptions, risks and uncertainties.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS UPDATE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS UPDATE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.