TORONTO, Dec. 21, 2018 /CNW/ - Lift & Co. Corp.
("Lift & Co." or the "Company") (TSXV: LIFT) is pleased to
announce that, subject to regulatory approval, it has retained
Mackie Research Capital Corporation ("Mackie") to provide market
liquidity and stabilization services for the Company in accordance
with regulatory guidelines.
Mackie will trade Lift & Co. shares on the TSXV for the
purposes of maintaining a reasonable market and improving the
liquidity of Lift & Co.'s common shares. The agreement between
Mackie and the Company is on a month by month basis and the Company
has agreed to pay Mackie $4,500 per
month, payable in advance. The engagement may be terminated by
either party with written notice of 60 days. The agreement is
principally for the purposes of maintaining market stability and
liquidity for the Company's common shares and is not a formal
market making agreement. There are no performance factors contained
in the agreement between Mackie and the Company and Mackie will not
receive any shares or options from the Company as compensation for
services it will render.
About Mackie Research Capital Corporation
Mackie is
one of Canada's largest
independent full service investment firms, and proudly traces its
roots back to 1921. Mackie is privately owned by many of its
300 employees. As a fully integrated national investment
dealer, Mackie offers a full complement of capital markets and
wealth management services to private clients, institutions and
growth companies.
About Lift & Co.
Lift & Co. (TSXV: LIFT) is a
platform that helps Canadians explore, understand, and make
better-informed decisions around cannabis, through superior
information and data. Lift & Co. operates a comprehensive
product-comparison resource of federally regulated cannabis
products; provides customized marketing solutions and data-backed
insights into consumer and product trends; and connects businesses
and consumers through its digital platform, and at its leading
events, the Lift & Co. Expos and the Canadian Cannabis Awards.
The Lift & Co. Cannabis Retail Training Certification,
developed in an exclusive partnership with MADD Canada, is
available to both government and private clients. Learn more at
lift.co.
Forward-looking statements
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accept
responsibility for the adequacy or accuracy of this
release.Although the Company has attempted to identify important
factors that could cause actual results, performance or
achievements to differ materially from those contained in the
forward-looking statements, there can be other factors that cause
results, performance or achievements not to be as anticipated,
estimated or intended.
There can be no assurance that such forward-looking
statements will prove to be accurate or that management's
expectations or estimates of future developments, circumstances or
results will materialize. Accordingly, readers should not place
undue reliance on forward-looking statements. The forward-looking
statements in this news release are made as of the date of this
release. The Company disclaims any intention or obligation to
update or revise such information, except as required by
applicable law, and the Company does not assume any liability for
disclosure relating to any other company mentioned herein.
Twitter, Facebook and Instagram: @liftandco
SOURCE Lift & Co. Corp.