Craftport Cannabis Corp. Announces Appointment of a New Director and Provides a 2022 Year End Audit Update
Peachland, British Columbia--(Newsfile Corp. - July 6, 2023) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") is pleased to announce that effective June 12, 2023, Ms. Wenjie Zhang has been reappointed as a member of the Company's Board of Directors in order to enhance the ability for the Company to meet Health Canada's requirements.Craftport is also pleased to announce that the Company has raised sufficient capital to begin its 2022-year end audit process. The Company previously announced...
2023-07-06 3:54 PM EDT
Craftport Cannabis Corp. Announces Cease Trade Order and Foreclosure Application by Mortgage Holder
Peachland, British Columbia--(Newsfile Corp. - May 29, 2023) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") announces that the Company has been issued a cease trade order ("CTO") from the British Columbia Securities Commission effective as of May 8, 2023. The CTO was issued in response to the Company's failure to file its audited annual financial statements, accompanying management's discussion and analysis, and certifications for the year ended December 31, 2022 (the "Required Filings") by the filing...
2023-05-29 8:00 PM EDT
Craftport Cannabis Corp. Provides Update on Application for Management Cease Trade Order
Peachland, British Columbia--(Newsfile Corp. - April 20, 2023) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") announces that the British Columbia Securities Commission (the "BCSC") has rejected the Company's application for a management cease trade order (the "MCTO") as the Company is viewed as not having met all of the criteria for an MCTO. The Company filed the MCTO with the BCSC due to an anticipated delay in filing its audited annual financial statements, accompanying management's discussion...
2023-04-20 10:02 PM EDT
Craftport Cannabis Closes $1.5 Million Private Placement
Peachland, British Columbia--(Newsfile Corp. - July 19, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Offering") of 18,750,000 common shares (each, a "Common Share") at a price of $0.08 per common share for gross proceeds of $1.5 million. The Company initially announced the Offering in a press release on May 27, 2022. Net proceeds of the Offering are expected to be...
2022-07-19 7:00 AM EDT
Craftport Cannabis Announces Appointment of New Chief Executive Officer
Peachland, British Columbia--(Newsfile Corp. - July 6, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") is pleased to announce that Mr. Feng Lv has been appointed as the Chief Executive Officer and Director of the Company. Mr. Lv replaces Michael Cosic as the Company's CEO and will fill the vacancy created from the resignation of Mr. Cosic as a director of the Company. Mr. Cosic held the CEO position since May 2021and has been...
2022-07-06 12:02 PM EDT
Craftport Cannabis Announces Extension of Maturity Date and Security Granted over Outstanding Loans for $1.45 Million
Peachland, British Columbia--(Newsfile Corp. - June 24, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") announces that it has entered into a loan agreement (the "Loan Agreement") with an arms'-length party (the "Lender") for the purpose of documenting numerous advances, for an aggregate principal amount of $1,450,000 (the "Loan"), previously received by the Company between January 2021 and December 2021. In addition, the Company has set December 31, 2023 as the maturity date in respect of...
2022-06-24 7:00 AM EDT
Craftport Cannabis Provides Financing Update
Peachland, British Columbia--(Newsfile Corp. - May 27, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Initial Offering") of 18,750,000 common shares (each, a "Common Share") at a price of $0.08 per common share for gross proceeds of $1.5 million. Further, the Company is pleased to announce an additional private placement of up to $1.5 million (the "Additional Offering", and together...
2022-05-27 7:30 AM EDT
Craftport Cannabis Announces Extension of Maturity Date and Security Granted over Outstanding Loans for $1.99 Million
Peachland, British Columbia--(Newsfile Corp. - April 14, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") announces that it has entered into a loan agreement (the "Loan Agreement") with an arms'-length company (the "Lender") for the purpose of documenting numerous advances, for an aggregate principal amount of $1,990,000 (the "Loan"), previously received by the Company between August 2020 and December 2021. In addition, the Company has set December 31, 2023 as the maturity date in respect...
2022-04-14 7:30 AM EDT
Craftport Cannabis Provides Various Corporate Updates
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") provides the following corporate updates.Issuance of Shares for Debt SettlementIn order to preserve cash to fund operations and reduce debt on the Company's balance sheet to facilitate attracting new capital financing, the Company has settled certain outstanding accounts payable with non-related parties in the aggregate amount of $124,316 through the issuance of 1,130,141 common shares (the "Settlement Shares") of the Company...
2022-04-08 7:00 AM EDT
Craftport Cannabis Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") provides the following corporate update regarding the progress of its asset-light business model, and the sale of the Pitt Meadows facility.Asset-Light Business ModelFurther to the Company's prior press releases issued on October 25, 2021 and December 13, 2021, the Company determined that it is in its best interest to focus on the Canadian premium craft cannabis recreational market by utilizing an...
2022-04-01 7:00 AM EDT
Craftport Cannabis Announces Cancellation of Non-brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") announces that further to the Company's news release dated January 25, 2022, it will not be proceeding with the non-brokered private placement of up to 15,000,000 common shares at a price of $0.20 per common share for total proceeds of $3 million as announced on January 25, 2022.The Company continues to have financing discussions with several parties regarding an alternative financing...
2022-03-08 7:00 AM EST
Craftport Cannabis Announces $3 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") is pleased to announce a non-brokered private placement offering (the "Offering") of up to 15,000,000 common shares at a price of $0.20 per common share for gross proceeds of $3 million. The Company expects to close the Offering by March 8, 2022. The Offering Price of $0.20 represents a 25% premium to the Company's last closing price on the Canadian...
2022-01-25 8:55 AM EST
Craftport Cannabis Announces Results of Annual General and Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2021) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport" or the "Company") today announced the voting results from its annual general and special meeting of shareholders held on December 29, 2021 (the "Meeting"). A total of 7,253,500 common shares of the Company, representing 35.624% of the issued and outstanding common shares of the Company, were voted in connection with the Meeting by shareholders and proxy holders.All of the matters put forward before the Company's...
2021-12-30 7:00 AM EST
Craftport Cannabis Provides Update Regarding Pitt Meadows Facility
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2021) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport" or the "Company") today announced the following regarding the Pitt Meadows facility ("Pitt Meadows"). Pitt Meadows is owned by 1161750 B.C Ltd. ("1161"), which is 51% owned by Craftport. Termination of Cultivation AgreementsPitt Meadows had entered into two separate cultivation agreements. On August 17, 2020, it entered into an agreement with a third party to assist with the cultivation activities associated with an estimated...
2021-12-13 7:00 AM EST
Craftport Cannabis Announces Finalization of Name and Ticker Symbol Change
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2021) - Craftport Cannabis Corp. (CSE: CFT) (the "Company") today announced that the Company's official name change from Benchmark Botanics Inc. to Craftport Cannabis Corp., including a ticker symbol change, has been finalized. Effective today, the Company will trade on the Canadian Securities Exchange under the new ticker symbol, CFT.The Company's name change is intended to assist in redefining the Company's brand, which is an important step in its transformation into a...
2021-11-01 7:00 AM EDT
Benchmark Botanics Announces Name and Stock Ticker Symbol Change to Craftport Cannabis Corp. and Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Benchmark Botanics Inc. (CSE: BBT) (the "Company") is pleased to announce that, effective November 1, 2021, the Company will change its name to "Craftport Cannabis Corp." and its stock ticker symbol from "BBT" to "CFT". This name change will allow the name to better represent to all stakeholders the business affairs of the Company, and for the Company to be able to build an identity and brand awareness as it enters...
2021-10-25 7:00 AM EDT
Benchmark Botanics Continues to Seek Long Term Financing - Announces Temporary Employee Layoff at Peachland Facility
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2021) - Benchmark Botanics Inc. (CSE: BBT) ("Benchmark" or the "Company") announces the temporary layoff of three Peachland employees while the Company continues to have discussions with a group of current shareholders regarding securing long term financing.The Company announced on March 9, 2021 that it was actively exploring various options to address the Company's financial liquidity issues. The Company has since completed an assessment of its operations and has identified various options...
2021-08-23 6:05 PM EDT
Benchmark Appoints Cannabis Industry Veteran as CEO
Vancouver, British Columbia--(Newsfile Corp. - May 3, 2021) - Benchmark Botanics Inc. (CSE: BBT) ("Benchmark" or the "Company") is pleased to announce that Mike Cosic has been appointed as the Company's Chief Executive Officer. Mr. Cosic was previously the Chief Financial Officer of Meta Growth Corp., a leading Canadian recreational cannabis retailer. Mr. Cosic, MBA, CFA, is a strategic executive with over 25 years of achievement in a variety of industries. He has a proven track record...
2021-05-03 6:45 AM EDT
Benchmark Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2021) - As previously announced on October 2, 2020, Benchmark Botanics', Inc. (CSE: BBT) ("Benchmark" or the "Company") wholly owned subsidiary, Potanicals Green Growers Inc. ("Potanicals"), received a notice that the United Food and Commercial Workers International Union, Local 1518 (the "Union"), applied for a certification to represent the employees of Potanicals' Peachland facility. The Company wishes to report that as of March 31, 2021, the employees at Potanicals' Peachland facility joined the...
2021-04-16 7:00 AM EDT
Benchmark Announces Appointment of Two New Board Directors and Change of Officer
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2021) - Benchmark Botanics, Inc. (CSE: BBT) (FSE: BBW) ("Benchmark" or the "Company") is pleased to announce that the Company has added two new directors to its board.Mr. Terry Wang and Mr. Leon Jiao have been appointed to the Company's board of directors. As per the Company's March 18, 2021 press release, Mr. Wang was recently appointed as the Company's Interim CEO. Mr. Jiao, currently the CFO and director of...
2021-03-25 11:56 AM EDT