Harvest One Cannabis Inc. (TSX-V:HVT, OTCQB:HRVOF) said its board of directors has authorized a change in the company's name to Delivra Health Brands Inc, marking the completion of its strategic review.
In connection with the name change, it is anticipated that trading of the company's common shares will commence under a new ticker symbol.
"The last two years have been transformative for the company as we successfully navigated many difficult challenges to reshape the company by focusing on health and wellness solutions,” Gord Davey, president and CEO of Harvest One said in a statement.
READ: Harvest One Cannabis reports fiscal 3Q revenue jump on the back of higher US sales of its cannabis health and wellness products
“Effecting the name change is a logical next step for us, after completing a successful strategic review, placing the company in a much stronger position to execute on its strategic priorities and deliver consistent growth for shareholders. The new name will be our flagship to remind us of our commitment to deliver health and wellness solutions, and will be backed by robust product development,” Davey added.
“We are proud of all the changes that we have made over the last 24 months, as the outcome of a unique hybrid business model commercializing both infused and non-infused products through our established consumer brands of Dream Water and LivRelief, is relevant for the future of our health and wellness businesses," he concluded.
The name change is subject to regulatory approval including that of the TSX Venture Exchange (TSXV).
The company said holders of securities in the company's prior name do not need to take any action as a result of the name change.
Harvest One is a global cannabis-infused and non-infused CPG leader that develops and distributes premium health, wellness and self-care products with a market focus on solutions for sleeplessness and pain, resulting in the reduction of fatigue and anxiety.
Contact the author at jon.hopkins@proactiveinvestors.com