EDMONTON, Alberta, May 14, 2018 (GLOBE NEWSWIRE) -- Alcanna Inc. ("Alcanna" or the "Company") is pleased to announce that in connection with its change of its name from Liquor Stores N.A. Ltd. to Alcanna Inc., the Company's stock symbol will be changed to "CLIQ" on the Toronto Stock Exchange.
The Company's common shares and convertible subordinated debentures will commence trading on the Toronto Stock Exchange under the new name and new stock symbols, CLIQ and CLIQ.DB respectively, on Monday May 14th.
The new name reflects the expansion of the Company's business into two divisions: alcohol and cannabis. By combining the words "Alcohol" and "Cannabis", the proposed name better reflects the Company's new strategic direction. The change in name also signals a transformational change in the Company’s strategy and objective to strive for growth and innovation.
About Alcanna Inc.
The Company operates 229 retail liquor stores. The Company’s common shares and convertible subordinated debentures will trade on the Toronto Stock Exchange under the symbols "CLIQ" and "CLIQ.DB", respectively.
Additional information about the Company is available at www.sedar.com and the Company’s website at www.alcanna.com.
For further information
Chief Financial Officer
This press release contains information that constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities legislation. The use of any of the words "believe", "continue", "create", "deliver", "expect", "provide", "will" and similar expressions are intended to identify forward-looking information. In particular, this press release includes, without limitation, forward-looking information relating to the date the Company's common shares and convertible subordinated debentures will begin trading on the Toronto Stock Exchange under the new name and stock symbols. The Company believes the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.
Forward-looking information is based on various assumptions. Those assumptions are based on information currently available to the Company, and, in particular, certain forward-looking information in this press release is based on the assumption that the conditions of the Toronto Stock Exchange can be satisfied such that trading under the new name and stock symbols commences within the time period indicated above.
Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties, some of which are described herein. Any forward-looking information is made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.