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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Bee Vectoring Technologies International Inc.    BEE   CA0765881028

BEE VECTORING TECHNOLOGIES INTERNATIONAL INC.

(BEE)
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Bee Vectoring Technologies Announces Listing on the Canadian Securities Exchange

08/18/2020 | 01:05pm EST

Mississauga, Ontario and Sacramento, California--(Newsfile Corp. - August 18, 2020) - Bee Vectoring Technologies International Inc. (TSXV: BEE) (CSE: BEE) (OTCQB: BEVVF) (CVE: BEE) (the "Company" or "BVT") is pleased to announced that the Company's common shares have been approved for listing on the Canadian Securities Exchange (the "CSE") and expect to begin trading on the CSE under the trading symbol "BEE" as of market open on August 21, 2020.

The Company's common shares will voluntarily delist from the TSX Venture Exchange at the close of the market on August 20th, 2020, and will commence trading on the CSE on August 21st. The Company ticker symbol will remain unchanged and the transition will be seamless for investors buying or selling shares.

"We are delighted to be transitioning our listing to the Canadian Securities Exchange, an exchange that better suits our current capital market needs," said Ashish Malik, Chief Executive Officer of BVT. "We are incredibly excited about what is ahead for BVT and look forward to continue updating our shareholders with new developments over the coming months."

About Bee Vectoring Technologies International Inc.

BVT, an agriculture technology company, is a market disruptor with a significant global market opportunity in the $240 billion crop protection and fertilizer market. BVT has pioneered a natural precision agriculture system that replaces chemical pesticides and wasteful plant protection product spray applications by delivering biological pesticide alternatives to crops using commercially grown bees. BVT's award-winning technology, precision vectoring, is completely harmless to bees and allows minute amounts of naturally-derived pesticides (called biologicals) to be delivered directly to blooms, providing improved crop protection and yield results than traditional chemical pesticides - and improving the health of the soil, the microbiome and the environment. Currently, BVT has over 65 granted patents, over 35 patents pending in all major agricultural countries worldwide, and has US EPA registration of its VECTORITE™ with CR-7 (EPA Registration No. 90641-2) for sale as a registered biological fungicide for use on the labeled crops.

Additional information can be viewed at the Company's website www.beevt.com. To receive regular news updates from the Company, subscribe at www.beevt.com/newsletter.

Company Contact:
Ashish Malik, President & CEO
info@beevt.com

Investor Contacts:

Babak Pedram, Investor Relations
Virtus Advisory Group
Tel: 416-995-8651
bpedram@virtusadvisory.com

Adam Lowensteiner, Investor Relations (for US inquires)
Lytham Partners
Tel: 646-829-9700
bevvf@lythampartners.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company, "annual revenue potential", are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions, including: planted acres of strawberries in Florida, selling price of competitive chemical pesticides and the US to Canadian dollar exchange rate. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. These factors include changes in law, competition, litigation, the ability to implement business strategies and pursue business opportunities, state of the capital markets, the availability of funds and resources to pursue operations, new technologies, the ability to protect intellectual property rights, the ability to obtain patent protection for products, third-party intellectual property infringement claims, regulatory changes affecting products, failing research and development activities, the ability to reach and sustain profitability, dependence on business and technical experts, the ability to effectively manage business operations and growth, issuance of debt, dilution of existing securities, volatility of publicly traded securities, potential conflicts of interest, unlikelihood of dividend payments, the potential costs stemming from defending third-party intellectual property infringement claims, the ability to secure relationships with manufacturers and purchasers, as well as general economic, market and business conditions, as well as those risk factors discussed or referred to in the Company's Filing Statement dated May 29, 2015, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. All figures are in Canadian dollars.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/61906


© Newsfilecorp 2020
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Financials
Sales 2019 0,06  0,04  0,04 
Net income 2019 -2,90 M -2,23 M -2,23 M
Net cash 2019 0,26 M 0,20 M 0,20 M
P/E ratio 2019 -5,75x
Yield 2019 -
Capitalization 27,4 M 21,1 M 21,1 M
EV / Sales 2018 -
EV / Sales 2019 302x
Nbr of Employees -
Free-Float 96,6%
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Managers
NameTitle
Ashish Malik President & Chief Executive Officer
Michael Collinson Chairman
Kyle Appleby Chief Financial Officer
Gerardo Suazo Senior Manager-Technical
James Molyneux Secretary & Independent Director
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