ManifestSeven Announces Strategic Review of Operations

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Rhea-AI Summary

ManifestSeven Holdings Corporation (CSE: MSVN; OTCMKTS: MNFSF), California's leading integrated omnichannel cannabis platform, has initiated a strategic review to explore options aimed at maximizing shareholder value. CEO Sturges Karban stated this review aligns the company's strategy with changes in the global cannabis market. The evaluation will focus on strategic direction, operations, geographic footprint, and supply chain factors to position M7 competitively within the industry.

Positive

Initiation of a strategic review process aimed at maximizing shareholder value.
Focus on aligning operations with the evolving global cannabis market.

Negative

None.

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06/25/2021 - 08:44 PM EDT

IRVINE, Calif., June 25, 2021 /PRNewswire/ -- ManifestSeven Holdings Corporation (CSE: MSVN; OTCMKTS: MNFSF) ("M7" or the "Company"), California's first integrated omnichannel platform for legal cannabis, announced that it has initiated a strategic review process to explore, review and evaluate a broad range of potential alternatives for M7 focused on maximizing shareholder value.

"We are undertaking this strategic review to align the operations and strategy of ManifestSeven with the shifting global cannabis market," commented ManifestSeven Chief Executive Officer Sturges Karban. "We operate in a dynamic space. The process we are undertaking is to position M7 at the forefront of the global industry."

The Company is evaluating options around its strategic direction and drivers, operations and operating model, geographic footprint, value-driven elements of the supply chain, and resourcing.

About ManifestSeven Holdings Corporation

ManifestSeven Holdings Corporation (CSE: MSVN; OTCMKTS: MNFSF) ("M7" or the "Company") disrupts the California cannabis landscape by seamlessly integrating proprietary distribution, retail, and delivery operations into a unified statewide platform that supports compliant and efficient commerce, both for cannabis enterprises and consumers. M7 offers local on-demand delivery through a growing portfolio of delivery hubs and storefront dispensaries in the state's major metropolitan markets through its direct-to-consumer division, Weden. Through its business-to-business division, Highlanders Distribution, the Company provides a comprehensive suite of commercial and compliant services to licensed cannabis cultivators, manufacturers, distributors, and retailers operating throughout California. M7's 1-800-CANNABIS portal ties the Company's integrated operations together with a centralized gateway through which businesses and consumers can access M7's comprehensive suite of products and solutions. M7 is a publicly listed company on the Canadian Securities Exchange ("CSE") trading under the ticker symbol "MSVN". Additional information is available under the Company's SEDAR profile at www.sedar.com.

For the latest news, activities, and media coverage, please visit www.manifest7.com. To receive Company updates and be added to the email distribution list, please sign up here, or connect with us on LinkedIn, Twitter, YouTube, or Telegram.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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View original content:http://www.prnewswire.com/news-releases/manifestseven-announces-strategic-review-of-operations-301320483.html

SOURCE ManifestSeven

FAQ

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What is the purpose of ManifestSeven's strategic review process initiated on June 25, 2021?

The strategic review aims to explore options to maximize shareholder value and align the company's operations with the changing global cannabis market.

How will the strategic review affect ManifestSeven's operations?

The review will evaluate the company's strategic direction, operations, geographic footprint, and supply chain to enhance its competitive positioning.

What is the stock symbol for ManifestSeven Holdings Corporation?

The stock symbol for ManifestSeven Holdings Corporation is MNFSF.

When did ManifestSeven announce the strategic review process?

ManifestSeven announced the strategic review process on June 25, 2021.

ManifestSeven Announces Strategic Review of Operations