The Company's technology produces infused strips that allow for bioavailability of cannabis constituents. All shares, options, warrants, and per share amounts were adjusted to reflect the consolidation ratio and are presented in this MD&A on a post-consolidation basis.Ĭore One is a technology company that licenses its technology to a state-of-the-art production and packaging facility located in Southern California. On July 7, 2020, the Company further consolidated its issued and outstanding common shares on the basis of two (2) pre-consolidation shares for every one (1) post-consolidation share. In conjunction with changing its name, the Company consolidated its issued and outstanding common shares on the basis of six (6) pre-consolidation shares for every one (1) post-consolidation share. The name change was done to more accurately reflect the Company's operational expertise, as well as the Company's overall product and service offerings.
On September 6, 2019, the Company changed its name from Lifestyle Delivery Systems Inc.
The Company was incorporated on September 14, 2010, pursuant to the provisions of the Business Corporations Act (British Columbia). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, and readers are advised to consider such forward-looking statements in light of the risks set forth below.ĬOMPANY OVERVIEW AND DESCRIPTION OF BUSINESS Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this MD&A include statements regarding the Company's future plans and expenditures, the satisfaction of rights and performance of obligations under agreements to which the Company is a part, the ability of the Company to hire and retain employees and consultants and estimated administrative assessment and other expenses. Forward-looking statements often, but not always, are identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeting" and "intend" and statements that an event or result "may", "will", "should", "could", or "might" occur or be achieved and other similar expressions. Additional information relevant to the Company's activities can be found on SEDAR at and the Company's website at CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTSĬertain statements contained in the foregoing MD&A constitute forward-looking statements.
The information provided in this document is not intended to be a comprehensive review of all matters and developments concerning the Company. The information contained herein is not a substitute for detailed investigation or analysis on any particular issue. The effective date of this report is August 24, 2020. The preparation of financial data is in accordance with International Accounting Standard 34 - Interim Financial Reporting (IAS 34) using accounting policies consistent with International Financial Reporting Standards ("IFRS") and all figures are reported in Canadian dollars unless otherwise indicated. (formerly Lifestyle Delivery Systems Inc.) (the "Company" or "Core One"), has been prepared by management, and should be read in conjunction with the accompanying unaudited condensed interim consolidated financial statements and related notes. The following Management Discussion and Analysis ("MD&A") of Core One Labs Inc.
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