(TheNewswire)
SEATTLE, WA - TheNewswire - April 20, 2026 - Nevis Brands Inc. CSE:NEVI (“NevisBrands” or the “Company”), a leading provider ofcannabis-infused products including the Major™ brand, announces itselection to adopt the policies outlined in the Semi-Annual Reporting(“SAR”) Pilot Program. This transition utilizes the exemptionsprovided under Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reportingfor Certain Venture Issuers (the “BlanketOrder”).
The SAR Pilot program, implemented under the BlanketOrder, allows eligible venture issuers listed on the CanadianSecurities Exchange (the “CSE”) to voluntarily move from quarterlyto semi-annual financial reporting. By adopting the SAR, Nevis Brandsaims to reduce the administrative and financial burdens associatedwith quarterly reporting, allowing the Company to focus resources onits core business.
Nevis Brands’ fiscal year ends on November 30. Underthe SAR pilot program, the Company will not file interim financialstatements and related Management Discussion and Analysis(“MD&A”) for the three-month period ending February 28, 2026and the nine-month period ending August 31, 2026.
Nevis Brands will continue to fulfill its primaryreporting obligations, which include:
Six-Month Interim FinancialReports: Due within 60 days of May 31,2026.
Audited Annual FinancialStatements: Due within 120 days of Nov 30,2026.
The Company confirms it meets the pilot program'seligibility criteria, which include being a venture issuer with annualrevenues of less than $10 million and maintaining a clean 12-monthcontinuous disclosure record. Nevis Brands remains committed totransparent and timely disclosure and will continue to report allmaterial changes and significant developments—such as newterritorial license agreements —as required under NationalInstrument 51-102 – Continuous Disclosure Obligations.
This news release is being filed pursuant toCoordinated Blanket Order 51–933 Exemptions to Permit Semi-Annual Reportingfor Certain Venture Issuers.
About Nevis Brands Inc. Nevis Brands Inc. is the developer and owner of leadingIntellectual Property related to marijuana-infused products. TheCompany’s flagship brand, Major™, offers a variety ofcannabis-infused beverages designed for the legal adult-use market.Nevis Brands focuses on licensing its IP and expertise to localmanufacturers and distributors in legal territories to ensurehigh-quality production and widespread availability.
Contact Information: John CEO, Nevis Brands Inc. Telephone: 206-510-2941 Email:john@nevisbrands.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITSREGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FORTHE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary StatementRegarding “Forward-Looking” Information Some of the statementscontained in this news release are forward-looking statements andinformation within the meaning of applicable securities laws.Forward-looking statements and information can be identified by theuse of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” orvariations of such words or phrases, or statements that certainactions, events or results “may”, “could”, “should”,“would”, “might” or “will” be taken, occur or be achieved.This forward-looking information is provided as of the date of thisnews release. The forward-looking information reflects our currentexpectations and assumptions and is subject to a number of known andunknown risks, uncertainties and other factors, which may cause actualresults, performance, or achievements to be materially different fromany anticipated future results, performance or expectations expressedor implied by the forward-looking information. No assurance can begiven that these assumptions will prove correct. Forward-lookingstatements and information are not historical facts and are subject toa number of risks and uncertainties beyond the Company’s control.Investors are advised to consider the risk factors under the heading“Risks and Uncertainties” in the Company’s Form 2A, available atwww.sedar.com for a discussion of the factors that could cause theCompany’s actual results, performance and achievements to bematerially different from any anticipated future results, performance,or achievements expressed or implied by the forward-lookinginformation. Accordingly, readers should not place undue reliance onforward-looking statements. The Company undertakes no obligation toupdate publicly or otherwise revise any forward-looking statements,except as may be required by law.
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