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CALGARY, May 7, 2019 /CNW/ - RMMI Corp. ("RMMI" or the "Company") (CSE: RMMI) announced today that it has filed its unaudited, condensed, interim consolidated financial statements and related management discussion and analysis for the three months ended March 31, 2019 under its profile on the SEDAR filing system (www.sedar.com).
Since the Company's April 11, 2019 press release providing an update on cultivation facility renovations, renovation progress continues to proceed as planned. Additional renovation achievements include:
- Two of three exterior walls have been replaced with new, prefabricated wall panels;
- Half of the exterior roof has been replaced with new, prefabricated roof panels;
- Electrical and security wiring is near completion;
- Mechanical ducting and water-supply piping installation are underway;
- The cloning room, mother-plant room and first cultivation room have been completed, including the installation of a highly durable, mold-resistant PVC wall and ceiling covering;
- Mechanical HVAC equipment installation is underway in the cultivation and production rooms;
- The second-floor offices are near completion; and
- The main floor processing rooms are near completion.
Annual General and Special Meeting
RMMI announces that it will hold its first annual general and special meeting at 9:00 am Calgary Time on Friday, July 26, 2019 in the main-floor conference facility at 639 5th Avenue SW, Calgary, AB, T2P 0M9.
About RMMI Corp.
RMMI is an Alberta based company that focuses on the production, cultivation and sale of marijuana in various forms. RMMI, through its wholly-owned subsidiary, Rocky Mountain Marijuana Inc. ("Rocky Mountain"), is a late stage applicant under the Cannabis Act (Canada) and is in the process of obtaining the requisite license to commence cannabis production and operations. Rocky Mountain blends science with nature, using aeroponic cultivation and CO2 extraction, and intends to produce high-purity, organic-quality cannabis oils. RMMI's team will employ leading commercially-available science and technology to maximize production yields and product quality as a low-cost producer, while reducing risk to its crops and its business.
For more information about RMMI, please call Investor Relations or visit www.rmmi.ca.
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Forward Looking Statements
Certain statements contained in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of the applicable securities legislation (collectively, "forward-looking statements"). These statements relate to management's expectations about future events, results of operations and RMMI's future performance (both operational and financial) and business prospects. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Unless otherwise indicated, these statements speak only as of the date of this news release. In particular, this news release contains forward-looking statements pertaining RMMI's future business plans, Newell facility renovations and its expected completion date, the ability to successfully supply products that meet high quality standards and expected volumes and the optimum operation of the facility once completed.
Forward-looking statements are based on certain assumptions and analyses made by RMMI in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate and are subject to risks and uncertainties. In making the forward-looking statements, RMMI has made various material assumptions, including but not limited to, receipt of applicable regulatory licences from Health Canada, material assumptions relating to general business and economic conditions and RMMI's ability to successfully execute its business plans strategy. Although RMMI believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and RMMI cannot assure that actual results will be consistent with the forward-looking statements included in this news release. Given these risks, uncertainties and assumptions, readers should not place undue reliance on the forward-looking statements in this news release and should review the various risk factors set forth in RMMI's AIF dated February 28, 2019.
The forward-looking statements included in this news release are expressly qualified by this cautionary statement and, except as otherwise indicated, are made as of the date of this news release. RMMI does not undertake any obligation to publicly update or revise any forward-looking statements or departures from them except as required by applicable securities laws. All of the forward-looking statements contained in this news release are expressly qualified by the foregoing cautionary statements.
For further information: Contact Information: Earl Connors, President and Chief Executive Officer; Investor Relations Contact: George Jurcic, Director of Corporate Development, firstname.lastname@example.org, 403-930-7079