Benchmark Announces Financial Support from Current Shareholder
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2021) - Benchmark Botanics, Inc. (CSE: BBT) (FSE: BBW) ("Benchmark" or the "Company") is pleased to announce that a current shareholder has injected $100,000 into the Company by way of a loan in order to assist the Company with its liquidity issues (see March 9, 2021 press release). A group of shareholders is committed to working with the Company in order to determine follow-on investments required to achieve Benchmark's long-term...
2021-03-18 9:00 AM EDT
Benchmark Botanics Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2021) - Benchmark Botanics Inc. (CSE: BBT) ("Benchmark" or the "Company"), a diversified multi-licensed cannabis producer, today announced that it is actively exploring various options to address the Company's financial liquidity issues, including increasing its sales from inventory, cutting operating costs, restructuring its operations, and undertaking an equity and/or debt financing. There is no assurance that such additional financing...
2021-03-09 12:50 PM EST
Benchmark Botanics Provides Update for Peachland Facility Operations
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2020) - Benchmark Botanics, Inc. (CSE: BBT) ("Benchmark" or the "Company"), a diversified multi-licensed cannabis producer, today announces that the Company has decided to suspend Potanicals Green Growers Inc. ("Potanicals"), the Company's wholly owned subsidiary, growing and cultivation operations at Peachland, BC for an additional three months in order to further reduce operating costs. The Company is also looking at options to...
2020-12-30 8:19 PM EST
Benchmark Botanics Reports Q3 2020 Results
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2020) - Benchmark Botanics, Inc. (CSE: BBT) ("Benchmark" or the "Company"), a diversified multi-licensed cannabis producer, today released its financial and operational results for the three and nine months ended September 30, 2020.2020 Q3 Highlights:Achieved sales revenue for the three months ended September 30, 2020 of $375,701, versus Nil sales compared with the same period from last year.Net loss for the third quarter was...
2020-11-30 7:12 PM EST
Benchmark Announces Appointment of Independent Director
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2020) - Benchmark Botanics, Inc. (CSE: BBT) (FSE: BBW) ("Benchmark" or the "Company") is pleased to announce the appointment of Mr. Mike Cosic to the Company's board of directors. Mr. Cosic brings over 25 years of financial experience to Benchmark Botanics, including corporate finance and corporate development involving several mergers, acquisitions and divestitures. He is currently the CFO of Meta Growth Corp., a leading Canadian...
2020-11-17 11:26 AM EST
Benchmark Announces Resignation of Director
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2020) - Benchmark Botanics, Inc. (CSE: BBT) (FSE: BBW) ("Benchmark" or the "Company") announces that Mr. James Moore has resigned from its Board of Directors. The Board has accepted Mr. Moore's resignation and wishes to thank Mr. Moore for his service and dedication to the Company.Mr. Dorin, Chairman, said, "The Board is grateful for the valuable contributions that Mr. Moore has made to the Company and wishes him all the best in his...
2020-11-16 5:36 PM EST
Benchmark Announces Reduction of the Workforce in Potanicals Green Growers Operations and Review of Their Business Strategies
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2020) - Benchmark Botanics, Inc. (CSE: BBT) (FSE: BBW) ("Benchmark" or the "Company") announces that the ongoing working capital deficiency of Potanicals Green Growers Inc. ("Potanicals"), the Company's wholly owned subsidiary, has forced Potanicals to make a decision to reduce the majority of its workforce both in the Peachland production facility and the head office. Effective from November 13, 2020, Potanicals has suspended its...
2020-11-16 8:30 AM EST
Benchmark Announces Appointment of New CFO
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2020) - Benchmark Botanics, Inc. (CSE: BBT) (FSE: BBW) ("Benchmark" or the "Company"). Benchmark is pleased to announce that it has appointed David Li, MBA, CPA-IL, as its new Chief Financial Officer. Mr. Li will be replacing Paul Haber in this role. David Li comes to Benchmark with a wealth of public company expertise having helped many companies successfully navigate the capital markets."We are pleased to have Mr. Li join the...
2020-11-05 5:54 PM EST
Benchmark Announces Voting Results of the Annual General Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2020) - Benchmark Botanics, Inc. (CSE: BBT) (FSE: BBW) ("Benchmark" or the "Company"). Benchmark is pleased to announce the results of its annual general meeting of shareholders held on October 29, 2020 (the "Meeting"). All the resolutions put forward by the Company were approved at the Meeting. The number of directors for the ensuring year has been set at four. Messrs. George Dorin, James Moore, William Ying, and Haifeng Liu were...
2020-10-30 5:04 PM EDT
Benchmark Provides Update on Financial Condition of Potanicals
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2020) - Benchmark Botanics, Inc. (CSE: BBT) ("Benchmark" or the "Company") Benchmark announces that the ongoing working capital deficiency of Potanicals Green Growers Inc. ("Potanicals"), the Company's wholly owned subsidiary, may result in Potanicals being unable to meet all of its accounts payable at October 31, 2020, including its October 31, 2020 payroll obligations for all 39 of Potanicals' employees, which will cause material...
2020-10-23 2:37 PM EDT
Benchmark Receives Order to Reinstate Nine Laid off Employees at Its Peachland Operations
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2020) - Benchmark Botanics, Inc. (CSE: BBT) ("Benchmark" or the "Company") announces that its wholly owned subsidiary, Potanicals Green Growers Inc. ("Potanicals"), laid off nine employees at its Peachland operation on October 5, 2020 and as a result, received a complaint from the United Food and Commercial Workers International Union, Local 1518 (the "Union") alleging that these lay-offs violated the Labour Relations Code (the...
2020-10-19 11:54 AM EDT
Benchmark Receives Notice of Application for Certification from United Food and Commercial Workers International Union, Local 1518
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2020) - Benchmark Botanics, Inc. ("Benchmark" or the "Company") (CSE: BBT). Benchmark wishes to announce that its wholly owned subsidiary, Potanicals Green Growers Inc. ("Potanicals"), has received a notice that the United Food and Commercial Workers International Union, Local 1518 (the "Union"), has applied for a certification to represent the employees of Potanicals at Potanicals' Peachland facility. Potanicals attended an initial...
2020-10-02 5:46 PM EDT
Benchmark Botanics Completes Acquisition of Additional Interest in 1139000 B.C. Ltd.
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2020) - Benchmark Botanics, Inc. (CSE: BBT) ("Benchmark" or the "Company").Further to the Company's news release of August 11, 2020, Benchmark is pleased to announce that it has completed the share exchange transaction contemplated under the share exchange agreement (the "Agreement") with shareholders of 1139000 B.C. Ltd. ("1139") and acquired 5,199,000 Common shares of 1139 from the shareholders. Benchmark now owns 10,199,000 Common...
2020-08-31 7:53 PM EDT
Benchmark Botanics Reports Q2 2020 Results
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2020) - Benchmark Botanics, Inc. (CSE: BBT) ("Benchmark" or the "Company") a cannabis producer, today released its financial and operational results for the second quarter ended June 30, 2020.2020 Q2 HighlightsAchieved record revenue for the first six months of the year with $278,515 of revenue,Obtain its Nursery Seed License to provide additional revenue opportunities in genetics, andShortly after the end of Q2 obtained it's third...
2020-08-28 7:24 PM EDT
Benchmark Botanics Receives the Third Cultivation License from Health Canada
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2020) - Benchmark Botanics, Inc. (CSE: BBT) ("Benchmark" or the "Company") is pleased to announce that through its wholly-owned subsidiary Potanicals Green Growers Inc., ("Potanicals"), a holder of federal licenses to cultivate and sell cannabis under the Cannabis Act, has received its third cultivation license, effective August 7, 2020, from Health Canada for the Company's joint venture YATAI & BBT Biotech Ltd. indoor and outdoor...
2020-08-24 3:42 PM EDT
Benchmark Botanics Enters Agreement to Acquire Additional Interest in 1139000 B.C. Ltd.
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2020) - Benchmark Botanics, Inc. ("Benchmark" or the "Company") (CSE: BBT). Benchmark is pleased to announce that it has entered into a share exchange agreement (the "Agreement") with shareholders of 1139000 B.C. Ltd. ("1139") for the acquisition of 5,199,000 Common shares of 1139 from shareholders. Benchmark currently owns 5,000,000 Common shares of 1139 and after completion of the transactions contemplated under the Agreement,...
2020-08-11 2:50 PM EDT
Benchmark Botanics to Jointly Establish a Comprehensive Research and Development Centre for Flax and Hemp Genetics (CFHG) with Researchers at the University of British Columbia, Okanagan
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2020) - Benchmark Botanics Inc. (CSE: BBT) (the "Company" or "Benchmark Botanics"), a holder of federal licenses to cultivate, process and sell cannabis under the Cannabis Act is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Professor Dr. Michael Deyholos to establish a Comprehensive Research and Development Centre for Flax and Hemp Genetics (CFHG) at the Department of Biology of the University of...
2020-07-23 4:17 PM EDT
Benchmark Botanics Terminates Agreement to Acquire 51% of a Cannabis Research Company
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2020) - Benchmark Botanics, Inc. (CSE: BBT) ("Benchmark" or the "Company"). Benchmark wishes to announce that the parties have mutually agreed to terminate the share purchase agreement that the Company entered into with shareholders of 1187349 B.C. Ltd. ("7349") to acquire 51% of issued and outstanding share capital of 7349, which was previously announced in the Company's March 3, 2020 news release. About Benchmark Botanics Inc.Benchmark...
2020-06-26 5:48 PM EDT
Benchmark Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2020) - Benchmark Botanics Inc. (CSE: BBT) (formerly Kaiyue International Inc.) (the "Company" or "Benchmark") announces the granting of stock options to an employee and a consultant of the Company effective June 1, 2020 for an aggregate of 500,000 stock options of the Company exercisable at C$0.28, being the closing market price for each common share on June 1, 2020. The Options shall expire and terminate on May 31, 2025. One...
2020-06-03 8:56 PM EDT
Benchmark Botanics Reports Q1 2020 Results
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2020) - Benchmark Botanics, Inc. (CSE: BBT) ("Benchmark" or the "Company") a cannabis producer, today released its financial and operational results for the first quarter ended March 31, 2020.HIGHLIGHTS FOR THE THREE MONTHS ENDED MARCH 31, 2020 Achieved record quarterly revenue of $191,095Completed a $1,700,000 Private Placement Financing Our complete financial statements and associated management discussion and analysis can be found on...
2020-06-01 9:06 PM EDT