Discover Wellness Solutions Inc.

Recent News

  • Discover Wellness Announces Cease Trade Order Issued by the Alberta Securities Commission

    Calgary, Alberta--(Newsfile Corp. - May 9, 2022) - Discover Wellness Solutions Inc. (CSE: WLNS) ("Discover Wellness", or the "Company") announces that the Company has been issued a cease trade order ("CTO") by the Alberta Securities Commission ("ASC") for not filing the following periodic disclosure documents (collectively "Annual Filings") by the filing deadline of May 2, 2022, namely:the audited annual financial statements for the year ended December 31, 2021;the management's discussion and analysis relating to the audited annual financial statements for the year...

    2022-05-09 9:00 AM EDT
  • Discover Wellness Announces Intention to Exit the Cannabis Industry

    Calgary, Alberta--(Newsfile Corp. - April 11, 2022) - The Directors of Discover Wellness Solutions Inc. (CSE: WLNS) ("Discover Wellness", or the "Company") have made the decision to exit the cannabis industry. The Company faces a very challenging liquidity situation and has implemented several cost-savings actions including reducing the Company's staffing to one part-time position, deferred paying all staff effective February 1, 2022 and paying only crucial vendors. The Company's Directors have observed that the cannabis industry in Canada is a very challenging...

    2022-04-11 9:00 AM EDT
  • Discover Wellness Announces Extension of Secured Notes

    Calgary, Alberta--(Newsfile Corp. - November 29, 2021) - Discover Wellness Solutions Inc. (CSE: WLNS) ("Discover Wellness", "DWS" or the "Company"), a licensed producer and processor under the Cannabis Act (Canada), announces that it has extended the maturity date of the secured notes originally issued on September 13, 2019 (the "Secured Notes"). The Secured Notes' maturity date had been extended several times to October 31, 2021. Through a recently completed negotiation with the third-party noteholders, the Secured Notes have been extended to...

    2021-11-29 8:00 AM EST
  • Discover Wellness Files Q2 2021 Financial Statements, Clarifies the Volume of Hemp Purchased from SynerGenetics and Provides Other Updates

    Calgary, Alberta--(Newsfile Corp. - August 31, 2021) - Discover Wellness Solutions Inc. (CSE: WLNS) (formerly RMMI Corp.) ("Discover Wellness", "DWS" or the "Company") , a licensed producer and processor under the Cannabis Act (Canada), has filed its Q2 2021 financial statements on SEDAR.The Company wishes to clarify the volume of hemp it has purchased from SynerGenetics Bioscience Inc. ("SG"). In December 2020, Discover Wellness took possession of 550,000 lbs of high-CBD hemp from SG. The SG hemp purchase...

    2021-08-31 9:00 PM EDT
  • Discover Wellness Announces Initial B2B Sale of Industrial Hemp Biomass

    Calgary, Alberta--(Newsfile Corp. - April 8, 2021) - Discover Wellness Solutions Inc. (formerly RMMI Corp.) (CSE: WLNS) ("Discover Wellness", "DWS" or the "Company"), a licensed producer and processor under the Cannabis Act (Canada), is pleased to announce that it has entered into a sales agreement to sell industrial hemp to a Canadian processor for ultimate use in extraction with a biopharmaceutical company (the "Sale"). The Company's emphasis is on the high growth Cannabidiol "CBD" market with a focus on wellness...

    2021-04-08 8:00 AM EDT
  • Discover Wellness Solutions Announces Year End Results for 2020

    Calgary, Alberta--(Newsfile Corp. - March 18, 2021) - Discover Wellness Solutions Inc. (formerly RMMI Corp.) (CSE: WLNS) ("Discover Wellness" or the "Company"), a licensed producer and processor under the Cannabis Act (Canada), announces the filing of its financial results for the twelve-month period ending December 31, 2020. For more information, please see the consolidated financial statements of the Company for the year ended December 31, 2020 and the related management's discussion and analysis, which are available electronically on SEDAR under...

    2021-03-18 10:30 PM EDT
  • Discover Wellness Solutions Signs MOU with Quad Play to Enter Thailand's Deregulating Hemp Extract Market

    Strategic partnership for entry into Thailand, the first country to deregulate the use of hemp-derived oils and extracts for consumer-packaged goodsPartnership serves as beachhead for DWS to gain access to the Asian hemp-infused market which is expected to grow to over $5.8 billion by 2024DWS' initial contribution secures toehold equity stake of 4% in Quad Play with option to acquire control of QP once regulations in Thailand allows for control by foreign companiesMOU is first step in development and marketing...

    2021-03-02 9:00 AM EST
  • Discover Wellness Solutions Receives License to Sell Industrial Hemp

    Calgary, Alberta--(Newsfile Corp. - February 8, 2021) - Discover Wellness Solutions Inc. (CSE: WLNS) (formerly RMMI Corp.) ("Discover Wellness" or the "Company"), a licensed producer and processor under the Cannabis Act (Canada), is pleased to announce that it has received an industrial hemp license, effective until February 5, 2024, to sell industrial hemp.Under the license, the Company can sell industrial hemp as grain, flowering heads, leaves or branches. Additionally, the Company can import or export seed and grain. The industrial...

    2021-02-08 9:00 AM EST