Vancouver, British Columbia – October 19, 2018 – Harrys Manufacturing Inc. (“Harrys” or the “Company”), is pleased to announce that the Company’s common shares will commence trading on the Canadian Securities Exchange (the “CSE”) on October 22, 2018 under the symbol “HARY”.
Summary of Material Change
Pursuant to a news release dated October 5, 2018, the Companyannounced that it completed its previously announced acquisition of Harrys International Manufacturing Inc. (“HIMI”) on October 4, 2018 (the “Acquisition”). In connection with the Acquisition, the Company acquired all of the issued and outstanding shares of HIMI. Immediately prior to closing, the Company changed its name from Westridge Resources Inc. to Harrys Manufacturing Inc.
Harrys International Manufacturing Inc.
HIMI is focused on generating revenues from the sales and distribution of cigarettes to international customers. At April 30, 2018 (Q3), HIMI generated Cdn$435,850 in revenues from the sales of cigarettes. The management team of HIMI brings over 50 years of combined experience in the domestic and international tobacco industry. Harrys’ management team will leverage this experience and knowledge as it works towards obtaining the necessary federal and provincial license and permits to purchase, manufacture and sell tobacco products.
The Acquisition constituted a “Fundamental Change” as that term is defined in the policies of the CSE. Upon successful completion of the Acquisition, the Company submitted its re-listing application to the CSE to retain its listing on the CSE as a producer of Tobacco products.
For further information about the Company, please see the Harrys’ Listing Statement, which will be made available under the Company’s SEDAR profile at www.sedar.com or contact the Company at 604-565-5100.
ON BEHALF OF THE BOARD
Director and CFO
The CSE has neither approved nor disapproved the information contained herein.
This news release contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time including, without limitation, the Company’s ability to fulfill the conditional listing requirements of the Canadian Securities Exchange and its ability to procure the requisite licenses and permits to purchase, manufacture and sell tobacco. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation: the Company’s inability to commence trading on the Canadian Securities Exchange; delays resulting from or inability to obtain the requisite licenses and permits from the applicable regulatory body to purchase, manufacture and sell tobacco products; and the Company’s inability to generate revenues from the sales and distribution of cigarettes to international customers. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.