TEL AVIV, Israel and CALGARY, AB, April 8, 2024 /PRNewswire/ — StickIt Technologies Inc. (“StickIt” or the “Company”) (CSE: STKT), an Israeli technology and cannabinoid company, announces its financial results for the year ended December 31, 2023.

Financial Highlights for 2023:

• On May 5, 2023, StickIt entered into a Technology License and Distribution agreement with Alta in Canada Inc. granting Alta Inc. a license to utilize its raw materials and engage in the manufacturing of its products.
• Significant investment in research and development to support innovation and product development, totaling CAD$101,000.
• A notable year with the completion of a reverse takeover (RTO) on October 23, 2023, positioning StickIt for accelerated growth and market expansion.
• Concurrently with the completion of the RTO, the Company completed a financing of CAD$441,000, consisting of 1,024,628 subscription receipts for CAD$0.4304 each, that were converted on a 1:1 basis into the Company’s common shares.

Notes:

1.  All the revenues have been generated by selling the licenses for the distribution of Extra-C stick.

2.  The increase in the operational expenses was primarily attributable to the professional fees as well as the additional services hike associated with the transaction costs of the RTO and the listing with the CSE. Most of these fees were one-time costs.

3.  During 2023 the Company incurred losses of CAD$48,986,000 of which CAD$47,695,000 resulted from registration and issuance costs from the RTO.

Operational Highlights:

• Expansion into international markets with the establishment of a joint venture in Bangkok, Thailand, aiming to capitalize on global opportunities for our Extra-C sticks.
• Secured a comprehensive patent portfolio, enhancing our competitive edge and underscoring our commitment to innovation. Noteworthy patents include US11582996 B2 in the USA and multiple grants across Europe, Canada, and Israel.
• Continued focus on a growth strategy through joint ventures in regions where recreational cannabis is permitted, strengthening our global footprint and market reach.

Eli Ben-Haroosh, CEO, remarked, “Poised for ongoing expansion and deeper market reach into 2024 and further, StickIt aims to exploit its formidable patent stance, broaden its worldwide joint venture approach, and persist in innovation within the realm of cannabinoid accessories. The management team upholds a pledge to enhance shareholder value and seize the extensive possibilities in the leisure and medical cannabis arenas.”

Sophie Galper Komet, CFO, stated, “2023 emerged as a cornerstone for StickIt, highlighted by our major technological progress and deepening dedication to novelty via a strong patent collection. Finalizing the reverse acquisition laid a firm base for the upcoming expansion. Looking ahead, the prospect of penetrating international arenas excites us, with a resolve to utilize our pioneering technology to secure a notable share.”

About StickIt Technologies Inc.

StickIt is a technology company that invented and manufactures innovative products (“devices”) that can contain varying quantities of CBD/THC for recreational and medical cannabis users. Its operating model is to establish joint ventures/licensees (“partners”) in countries around the world that will establish a production facility in which they will add the cannabinoid content to the “sticks” and “straws” produced and supplied by StickIt. The Company’s precise dosing options cater to a wide range of effects, including pain-killing, energizing, focus, sleep improvement, etc., and can be tailored to meet local preferences and regulations. StickIt Technologies serves customers worldwide.

For more information, please contact: 

StickIt Technologies Inc.

Eli Ben-Haroosh, CEO
E: [email protected]

Sophie Galper, CFO 
E: [email protected]

CHF Capital Markets Inc.

Cathy Hume, CEO
T: 416-868-1079 x 251
E: [email protected] 

Website: www.stickit-labs.com
Facebook: @Stickit
Twitter “X” : @STICKIT74776509
LinkedIn: @Stickit-labs

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any forward-looking statements, other than as required by law. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by StickIt Technologies Inc. Readers are cautioned not to place undue reliance on forward-looking statements.

Logo – https://mma.prnewswire.com/media/2258883/Stickit_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/stickit-technologies-inc-announces-year-end-2023-financial-results-302110240.html

TEL AVIV, Israel, Jan. 16, 2024 /PRNewswire/ — StickIt Technologies Inc. (the “Company” or “StickIt”) (CSE: STKT), the parent company of StickIt Technologies Inc., an Israeli technology and cannabinoid company, is pleased to announce that it has retained CHF Capital Markets Inc. (“CHF”) and an Independent Trading Group (“ITG”) effective immediately.

The CHF services agreement for investment community outreach, corporate communications, and digital marketing is for a 12-month period with quarterly reviews and may be subject to termination with two months’ notice. Under the terms of the agreement, which is subject to the Canadian Securities Exchange (CSE) approval, CHF will receive a monthly retainer, reimbursement of any expenses incurred, and an incentive stock option to be made available with terms (length and vesting periods) similar to those of Directors and Insiders. Upon termination of this contract, the options will expire in 30 days.

ITG will trade shares of the Company on the CSE/ NEO/ TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company’s common shares. Under the agreement, ITG will receive compensation of CAD$5,000 per month, payable monthly in advance. The agreement is for an initial term of three months and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days’ notice. No performance factors are contained in the agreement, and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

“Engaging CHF Capital Markets and ITG is an important step in our journey to bring our unique, patented cannabinoid technology to the forefront of Canadian investors’ minds. CHF will be a strong and trusted ally in delivering our story to the investment community. Working together with ITG, experts in market-making, allows management to focus on building the business,” said Eli Ben-Haroosh, CEO and Director.

About CHF Capital Markets Inc.

CHF Capital Markets (www.chfcapital.com) is a Toronto-based leading Capital Markets firm with more than 139 years of collective IR and Capital Markets experience. CHF has been a trusted partner for many public companies in Canada and worldwide, operating in a broad range of industries.

Its team consists of a diverse pool of talent that combines analytical and creative skills – high-profile communications and investment industry specialists, digital media experts, content creators and graphic designers – making it a one-stop shop for all your communication and investor relations needs in the public sector.

About Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto-based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution, and trading, ITG has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Stickit Technologies Inc.

Stickit Technologies Inc. operates as a cannabis company. The Company offers smoking utensils made from condensed cannabis oil in a specific matrix that gives the product its rigidity, similar to a toothpick, that can be easily inserted into any regular cigarette. Stickit Technologies serves customers worldwide.

For more information, please contact: 

StickIt Technologies Inc.

Eli Ban-Haroosh

E: [email protected]

www.stickit-labs.com 

CHF Capital Markets

Cathy Hume
T: 416-868-1079 x 251
E: [email protected] 

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any forward-looking statements, other than as required by law. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by StickIt. Readers are cautioned not to place undue reliance on forward-looking statements.

Logo – https://mma.prnewswire.com/media/2258883/Stickit_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/stickit-technologies-engages-chf-capital-markets-and-itg-independent-trading-group-302035632.html

TEL AVIV, Israel, Oct. 27, 2023 /PRNewswire/ — StickIt Technologies Inc. (the “Company” or “StickIt”) (CSE: STKT). A parent company of the Israeli technology and cannabinoid company StickIt Ltd., the developer exclusivity & patent protected of “Cannabis Sticks” is pleased to announce that its shares start trading on the Canadian Securities Exchange (CSE) under the ticker symbol “STKT”. Company’s CSE listing statement was filed on StickIt’s CSE portal and under the Company’s profile on SEDAR+.

Founded in 2019, StickIt Ltd. Developed a line of products as toothpick-sized products inserted into any cigarette to provide the smoker with a functional experience with CBD, CBG, HHC or other cannabinoids. StickIt can be tucked into any smokable including Hemp cigarettes, CBD cigarettes, tobacco cigarettes, pre-rolls, herb cigarettes, spice cigarettes and cannabis smokeballs. StickIt’s product come in a wide range of tastes and flavors, as the Stickit technology allows for adding terpenes and to the finished product. Products can be adjusted and produced with different concentrations of cannabinoids like CBD, THC, and CBG according to any local regulation. Endless flavors and aromas can also be added to specifically appeal to local consumers and allow any commercial, cultural or marketing adjustments to be easily made at any destination country.

StickIt is currently in the process of developing other line of products for nonsmokers’ industry. The Company develops a unique cold drinking straw containing cannabinoids a functional experience with CBD, CBG, HHC for non-smoking users. In addition, the Company is developing a hot drink shaker stick containing cannabinoids with functional experience with CBD, CBG, HHC for non-smoking users.

“StickIt is a unique company in the cannabis industry, we are excited to become a public company listed on CSE and to share our products and our vision with our new investors” said Eli Ben Haroosh, CEO of StickIt. “We plan to be at the forefront of the technological development of the global cannabis industry,” concluded Mr. Ben Haroosh.

Stickit primary assets consist of patents and patent applications related to plant extracts, therapeutic compounds in smoking utensils, and honey complexes. StickIt have already patents granted in USA, Europe, Israel and Canada. The Extra-C stick is created through a unique proprietary process, resulting in condensed cannabis oil presented in a toothpick-like matrix, allowing for the easy conversion of regular cigarettes into cannabis or hemp cigarettes.

StickIt operates from key facilities situated in Dalton, Northern Israel, these facilities are central to the company’s research, development, and manufacturing operations.

Stickit’s operating model is to establish joint ventures in countries around the world where recreational cannabis is permitted. Each licensee/joint venture partner will establish a production facility in which they will add the cannabis content to sticks produced and supplied by Stickit. As part of those arrangements StickIt is expected to provide the joint venture with the know-how required to manufacture the finished product. The licensee/joint venture partner will produce the finished product, adding cannabis to the raw materials provided by StickIt, and will sell them either directly to the points of sale or through distributors The licensee is expected to pay a setup fee by investing the funds necessary to set up the local production facility. Each licensee will have exclusive rights to produce and market Stickit products in their designated territory

On behalf of the Board of Directors

Eli Ben-Haroosh, CEO
For further information please contact
Mr. Eli Ban-Haroosh at [email protected]; 972—549671720

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release should not be considered a comprehensive summary of the Company’s listing and business operations. Additional information required by applicable securities laws and the Canadian Securities Exchange is included in the Company’s non-offering prospectus dated October 24, 2023 and was included in the CSE Form 2A listing statement for the Company dated October 25, 2023. Trading in the securities of StickIt should be considered highly speculative and readers should refer to the listing statements of StickIt for further information.

Forward Looking Statements

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any forward-looking statements, other than as required by law. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by StickIt. Readers are cautioned not to place undue reliance on forward looking statements.

Logo – https://mma.prnewswire.com/media/2258883/Stickit_Logo.jpg
Photo – https://mma.prnewswire.com/media/2258884/Eli_Stickit.jpg

View original content:https://www.prnewswire.co.uk/news-releases/stickit-technology-shares-starts-trading-on-the-cse-today-october–27-2023-301969250.html