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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia — Revitalist Life-style and Wellness Ltd. (CSE: CALM) (OTCQB: RVLWF) (FSE: 4DO) (the “Firm” or “Revitalist”), publicizes that it didn’t remit an curiosity fee to the holder (the “Holder”) of an unsecured convertible promissory be aware dated April 19, 2022 (the “Be aware”). The principal quantity of the Be aware, being $250,000, bears easy curiosity at a charge of 8% every year, and the maturity date for the reimbursement thereof is April 19, 2025. Curiosity is to be paid quarterly. The quarterly fee totaled $5,000. Upon realizing that the fee was not made when due, the Firm remitted the fee in satisfaction of the quantity owed, however shortly after the expiration of the healing interval set out within the Be aware. However the foregoing the Holder has demanded reimbursement of the complete unpaid principal sum and excellent curiosity due beneath the Be aware.
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The Firm is in communication with the Holder’s representatives and hopes to handle and resolve the breach in an amicable method.
About Revitalist Life-style and Wellness Ltd.
Revitalist Life-style and Wellness Ltd. (CSE: CALM) (OTCQB: RVLWF) (FSE: 4DO) is a psychological well being and wellness firm targeted on complete care within the ketamine wellness area providing revolutionary, evidenced based mostly providers. With bodily places and digital places of work throughout 28 states, Revitalist is without doubt one of the largest suppliers of psychedelic wellness providers that can also be listed on the Canadian Securities Alternate.
On Behalf of the Board
Chief Govt Officer
Ahead Wanting Statements
This information launch incorporates forward-looking statements and forward-looking data (collectively, “forward-looking statements”) throughout the that means of relevant Canadian laws. Ahead-looking statements are usually recognized by phrases equivalent to: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “might”, “ought to”, “would”, “will”, “potential”, “scheduled” or variations of such phrases and phrases and comparable expressions, which, by their nature, confer with future occasions or outcomes which will, might, would, may or will happen or be taken or achieved. All statements on this information launch that aren’t purely historic are forward-looking statements and embody statements concerning beliefs, plans, expectations and orientations concerning the long run together with, with out limitation, the Firm’s intention to handle and resolved the breach of the phrases of the Be aware in an amicable method. Though the Firm believes that such statements are cheap and mirror expectations of future developments and different elements which administration believes to be cheap and related, the Firm may give no assurance that such expectations will show to be right. In making the forward-looking statements on this information launch, the Firm has utilized a number of materials assumptions, together with with out limitation, the belief that the Holder might be prepared to resolve the breach in an amicable method. Different elements may adversely have an effect on the long run outcomes or efficiency of the Firm, together with common financial, market or enterprise circumstances, modifications in legal guidelines, rules and insurance policies affecting the psychedelic wellness business, in addition to the dangers and uncertainties that are extra totally described within the Firm’s annual and quarterly administration’s dialogue and evaluation and in different filings made by the Firm with Canadian securities regulatory authorities beneath the Firm’s SEDAR profile. The continuing COVID-19 pandemic, labour shortages, inflationary pressures, rising rates of interest, the worldwide monetary local weather and the battle in Ukraine and surrounding areas are some further elements which can be affecting present financial circumstances and rising financial uncertainty, which can impression the Firm’s working efficiency, monetary place, and future prospects. Collectively, the potential impacts of this financial surroundings pose dangers which can be at present indescribable and immeasurable. No assurance will be on condition that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages the Firm will get hold of from them. Readers are cautioned that forward- wanting statements should not ensures of future efficiency or occasions and, accordingly, are cautioned to not put undue reliance on forward-looking statements because of the inherent uncertainty of such statements. The Firm doesn’t undertake any obligation to replace such ahead‐wanting data whether or not due to new data, future occasions or in any other case, besides as expressly required by relevant legislation.
The Canadian Securities Alternate (operated by CNSX Markets Inc.) has neither accepted nor disapproved of the contents of this press launch.
For additional data:
Revitalist Life-style and Wellness Ltd.
E mail: Company@Revitalist.com
Tel: (865) 585-8414