TORONTO, Sept. 25, 2023 /CNW/ – 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) (FSE: IQ70) (the “Firm” or “1CM”), a number one hashish and liquor retail firm, is thrilled to announce the addition of Tobacco, Vape & Client Packaged Items (“CPG”) merchandise to its retail portfolio.
1CM has begun retailing cigarettes and vape merchandise as a licensed retailer of Imperial Tobacco Canada Ltd. A completely owned subsidiary of British American Tobacco (LON: BATS) and Rothmans Benson & Hedges Inc. A completely owned subsidiary of Altria (previously Philip Morris Worldwide) (NYSE:MO). These merchandise are bought instantly from the producers.
1CM has additional begun retailing complimentary CPG merchandise from Pepsi, Frito-Lay, Parmalat & Canada Bread. The merchandise are distributed to the corporate from Arctic Drinks.
1CM has additionally begun producing its non-public label Vodka and Vodka Iced Tea. Beneath the model “EPIC MILFF”. These merchandise are manufactured in collaboration with Minhas Sask Ventures Inc. (“Minhas”).
This strategic horizontal growth marks a major milestone for the 1CM because it now extends its operations to Tobacco, CPG and Personal Label merchandise.
1CM will proceed to leverage its expertise to warehouse, mine and acquire insights from the precious knowledge obtained from its retail prospects of Hashish, Liquor, Tobacco, & CPG merchandise. This knowledge will enable the corporate to find out channel complementarity and supply distinctive cross-channel advertising alternatives and experiences to the age-gated 1CM prospects.
In industries like Tobacco and Hashish with strict laws round advertising, this gives a useful useful resource to 1CM and the tobacco business as they are going to have a compliant advertising alternative, supported by top quality knowledge on buying patterns throughout a number of channels.
1CM is constructing a fame within the liquor retail business for its dedication to distinctive customer support, and worth. These new product choices will enhance the shopper expertise and improve revenues.
1CM Inc. efficiently closed the $5 Million Personal Placement on September 21, 2023. The non-public placement concerned the issuance of a complete of three,333,333 frequent shares at a value of $1.50 per share, reflecting robust investor confidence in 1CM’s strategic course, merchandise, and progress prospects.
1CM Inc. is a multi-jurisdictional, multidimensional hashish firm targeted on its retail prospects and expertise to democratize hashish markets. The Firm’s imaginative and prescient is to be a number one hashish firm globally with options that add worth to shoppers and firms. The Firm is targeted on increasing its present operations via natural progress and by the use of merger and acquisition transactions in all retail markets.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Sure data on this press launch constitutes forward-looking statements below relevant securities legal guidelines. Any statements which are contained on this information launch that aren’t statements of historic truth could also be deemed to be forward-looking statements. Ahead-looking statements are sometimes recognized by phrases equivalent to “might”, “ought to”, “anticipate”, “anticipate”, “potential”, “consider”, “intend” or negatives of those phrases and related expressions.
Ahead-looking statements are based mostly on sure assumptions, together with profitable utility to be a licensed hashish producer and vendor, anticipated progress, outcomes from operations, efficiency, business tendencies and progress alternatives. Whereas 1CM Inc. considers these assumptions to be cheap, based mostly on data at present out there, they’re inherently topic to important enterprise, financial and aggressive uncertainties and contingencies they usually might show to be incorrect. Readers are cautioned to not place undue reliance on forward-looking statements.
Ahead-looking statements additionally essentially contain identified and unknown dangers, together with with out limitation, dangers related to basic financial situations, adversarial business occasions, advertising prices, lack of markets, future legislative and regulatory developments, the shortcoming to entry adequate capital on favorable phrases, the liquor and the medical and leisure hashish business in Canada basically, earnings tax and regulatory issues, the power of 1CM Inc. to execute its enterprise methods, competitors, crop failure, forex and rate of interest fluctuations and different dangers.
Readers are cautioned that the foregoing is just not exhaustive. Readers are additional cautioned to not place undue reliance on forward-looking statements as there might be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Such data, though thought of cheap by administration on the time of preparation, might show to be incorrect and precise outcomes might differ from these anticipated. Ahead-looking statements usually are not ensures of future efficiency. Besides as required by legislation, 1CM Inc. disclaims any obligation to replace or revise any forward-looking statements, whether or not because of new data, occasions or in any other case. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion.
SOURCE 1CM Inc.
For additional data: Harshil Chovatiya, CFO & COO, 1CM Inc., Tel: (717) 888-8889,