Isodiol International Inc Provides an Update on the Delay in Filing Its Audited Financial Statements
Aug 12, 2019 – Vancouver, BC – Isodiol International Inc. (CSE: ISOL) (OTCQB:ISOLF)
(FSE: LB6B.F)(the “Company” or “Isodiol”), provides an update on the delay on the filing of its
audited annual financial statements, related management’s discussion and analysis and
supporting officer certificates for the financial year ended March 31, 2019 (the “Filings”).
The Company obtained a management cease trade order dated July 30, 2019 from the relevant
securities regulators as contemplated by National Policy 12-203 Management Cease Trade
Orders of the Canadian Securities Administrators
The delay of the Filings resulted from delays in the Company obtaining access to accounting
information following dispositions of subsidiaries over which the Company no longer has
management influence. The Company notes the audit is nearly complete and continues to
expect to file the Filings on or before August 16, 2019.
The Company will comply with the requirements of the alternative information guidelines set
out in the National Policy. The Company is not subject to any insolvency proceedings.
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About Isodiol International Inc.
Isodiol International Inc.is focused on the nutritional health benefits that are derived from hemp
and is a product development, sales, marketing and distribution company of hemp-based
Consumer Packaged Goods (CPG) and solutions. Isodiol has commercialized a 99%+ pure,
naturally isolated CBD, including micro-encapsulations, and nano-technology for quality
consumable and topical skin care products. Isodiol’s growth strategy includes the development
of over-the-counter and pharmaceutical drugs and continued international expansion into Latin
America, Asia, and Europe.
ON BEHALF OF THE BOARD
Marcos Agramont, CEO & Director
INVESTOR RELATIONS:
[email protected]
604-409-4409
MEDIA CONTACT:
Christopher Hussey
[email protected]
The CSE has not reviewed, approved or disapproved the content of this press release.
Forward-Looking Information: This news release contains “forward-looking information” within
the meaning of applicable securities laws relating to statements regarding the Company’s
business, proposed arrangement with creditors, products and future the Company’s business, its
product offerings and plans for sales and marketing. Although the Company believes that the
expectations reflected in the forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. Readers are cautioned not to place
undue reliance on forward-looking information. Such forward-looking statements are subject to
risks and uncertainties that may cause actual results, performance and developments to differ
materially from those contemplated by these statements depending on, among other things, the
risks that the Company’s products and plan will vary from those stated in this news release and
the Company may not be able to carry out its business plans as expected. Except as required by
law, the Company expressly disclaims any obligation and does not intend, to update any forward looking
statements or forward-looking information in this news release. Although the Company
believes that the expectations reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be correct and makes no reference to
profitability based on sales reported. The statements in this news release are made as of the date
of this release.
The CSE has not reviewed, approved or disapproved the content of this press release.