Business
Rocky Mountain Liquor Undertakes Strategic Review
EDMONTON, AB / ACCESSWIRE / February 2, 2021 / Rocky Mountain Liquor Inc. (TSXV: RUM ) (the ...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"Rocky Mountain Liquor Undertakes Strategic ReviewEDMONTON, AB / ACCESSWIRE / February 2, 2021 / Rocky Mountain Liquor Inc. (TSXV:RUM) (the \"Company\" or \"Rocky Mountain\"), listed on the TSX Venture Exchange (the \"Exchange\"), today announced that its Board of Directors, supported by its management team, has initiated a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value.These alternatives could include a broad range of opportunities available to the Company, among other things, the sale of part or all of the Company, a sale of some of the assets of the Company, a merger or other business combination with another party, or other strategic transactions.RUM's Board of Directors is committed to fully evaluating appropriate strategic alternatives. The Board believes that exploring opportunities is in the best interests of Rocky Mountain Liquor's shareholders and is designed to maximize value.The Board of Directors of the Company has not set a timetable for this process nor has it made any decisions related to any strategic alternatives at this time. The review has not been initiated in response to any proposal received by the Company. There can be no assurance that the exploration of strategic alternatives will result in a transaction. The Company does not intend to provide announcements or updates unless or until it determines that further disclosure is appropriate or necessary.About Rocky MountainRocky Mountain owns 100% of Andersons Liquor Inc. (\"Andersons\"), headquartered in Edmonton, Alberta, which now own and operate 26 private liquor stores in that province, up from 18 stores since the Common Shares began trading in December 2008. It is listed on the TSX Venture Exchange (TSXV:RUM).Forward-Looking Statements This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as \"appear\", \"seek\", \"anticipate\", \"plan\", \"continue\", \"estimate\", \"approximate\", \"expect\", \"may\", \"will\", \"project\", \"predict\", \"pote...