Ann: Extension to Voluntary Suspension, page-182

My suspicion is that management know;

- There was a large "sell off" due to the creation of CLI shares early August (refer announcements earlier this year for more info), this occurred concurrently with widespread bearish market behaviour for hemp stocks

- CLI majority shareholdings are retail investors (sourced feom **.st)

- Retail investors are spooked by large drops in market cap, occurring due to the above "sell off" and bearish behaviour

- If their market cap drops below certain levels (I assume) they may struggle to continue as a GC (balance sheet issues?)

- Management are unable to release speculative announcements regarding CBD %s due to being on the watchlist to bolster market cap. All announcements are now heavily scrutinised hence need to be factual

- Factual announcements regarding CBD %'s can't be released until known

- Earnings guidance can't be issued until CBD %'s are known. Earnings guidance based on market CBD value per lb does not require an announcement as it is "known to the market"

IMO - when COA's are available for all biomass and flower, CLI will need to announce this to the market as it is likely to have a material effect on their share price. CLI are in voluntary trading suspension as they fear their market cap will fall out prior to these facts becoming known.

All of the above IMO only, not a financial advisor / DYOR.