Thank you to those who have recently lodged an expression of interest (“EOI”) to indicate a willingness to potentially participate in the upcoming equity crowdfunding campaign to be conducted by established Australian, USA and UK based medical cannabis and hemp fibre company Botanic Wellness Limited.
We have had a fantastic level of interest in the proposed campaign, having received almost 1,200 EOI’s, indicating a level of investor interest well in excess of the Company’s proposed maximum raise amount. We would very much like to thank those who have expressed interest in becoming a shareholder in the Company.
As you would have noticed on the Birchal website Botanic Wellness Limited is an Australian unlisted public company and accordingly is required to prepare and lodge audited accounts each year with the Australian Securities & Investment Commission (ASIC). Unfortunately for reasons beyond the Company’s control BDO, the Company’s auditors have not been able to complete the audit within the timeframe originally requested and accordingly the filing of the audited accounts with ASIC has been slightly delayed.
We will provide all interested parties who have lodged an EOI with an update on the timing of the filing of the audited financial statements and the commencement of the Offer period as soon as BDO advise us that the accounts are in a position to be filed.
The EOI component campaign of course remains open to interested investors and the Company’s business and operations are continuing to develop and improve almost on a weekly basis. We apologise for this short term and temporary delay and will advise of the opening of the offer as soon as we can, which is expected to be within the next 3 weeks. In the meantime, if you have any questions on the Company, its operations or the proposed equity crowdfunding offer please do not hesitate to contact me.
Yours sincerely
Cary Stynes