16:44:51 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Gummy Project Inc (The)
Symbol GUMY
Shares Issued 122,501,564
Close 2022-06-16 C$ 0.015
Market Cap C$ 1,837,523
Recent Sedar Documents

Gumy Project disclaims promotional e-mails

2022-06-16 18:41 ET - News Release

Mr. Charlie Lamb reports

THE GUMMY PROJECT RESPONDS TO OTC MARKETS REQUEST ON RECENT PROMOTIONAL ACTIVITY

On Tuesday, June 14, 2022, OTC Markets informed The Gummy Project that it became aware of certain promotional activities concerning the company and its common stock traded on the OTCQB Marketplace, specifically the distribution of promotional e-mails on June 8, 2022, and June 14, 2022, by an unaffiliated third party that contained certain charting and technical analysis as well as recent business milestones which were previously publicly disclosed by the company. The promotional materials did not have a material impact on the company's common share price. After inquiry, the company determined that the third party, which was not engaged by the company or any of its officers, directors, controlling shareholders or any third party service providers, distributed the promotional e-mails. The company had no editorial oversight of the promotional material nor any opportunity to review in advance of the distribution; however, the company has subsequently reviewed the specific details related to the company that were included in such promotional emails, and has confirmed the factual details included therein are not materially false and/or misleading. The company cautions readers that the opinions made in the promotional materials are speculative in nature. For more complete and specific information regarding the company, its prospects and the risks associated with those prospects, readers should review the company's listing statement dated as of May 26, 2022, and other public filings on SEDAR, its website and other reliable sources. The company encourages investors to contact their investment advisers prior to making any investment.

Further, the company understands this promotional activity coincided with increased trading activity in the company's common shares beginning on or about June 8, 2022. The company does not believe the promotional activities were a factor in the recent increase in trading volume of the company's common shares. Instead, the company attributes the increased trading volume to currently heightened investor interest as a result of its recent press releases which disclosed that the company has completed its initial production and secured sales partnerships with the Bard on the Beach Shakespeare Festival as well as Flair Airlines.

After an inquiry by management, none of the company's executive officers, directors or, to the knowledge of the company, any controlling shareholders or third party service providers sold or purchased common shares of the company within the past 90 days.

In the last 12 months, the company has engaged Investing News Network (as previously disclosed in a press release dated Feb. 16, 2022), Stockwatch and World of Vegan (as previously disclosed in a press release dated March 17, 2022), for marketing services.

OTC Markets has further requested that the company state whether it has issued any shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance. As disclosed in its public filings on SEDAR, the company has from time to time issued shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance in accordance with the policies of the Canadian Securities Exchange. Please refer to the company's listing statement (Form 2A) dated May 26, 2022, which is filed under the company's profile on SEDAR, for a full list of such share issuances.

About The Gummy Project Inc.

The Gumy Project is a growing community of individuals and organizations who believe small contributions can add up to something big. It sells low-sugar, plant-based gummy products while raising money (and awareness) to support endangered keystone species. The company is the only better-for-you candy company that is built to support the planet's most precious species and ecosystems, while educating future generations on the steps we must take today, to ensure a viable tomorrow.

We seek Safe Harbor.

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