U.S. Markets open in 5 hrs 42 mins

Cannagistics, Inc., Corporate Update Regarding Year-End 10-K Filing

MISSISSAUGA, Ontario--(BUSINESS WIRE)--

Cannagistics, Inc. (OTCMarkets: “CNGT”) (the “Company” or “Cannagistics”) continues to work on the year end audit and Form 10-K filing for the fiscal year ended July 31, 2019. Our internal accounting firm was involved in conflicting commitments and had limited resources this caused a delay in compiling the necessary information to complete the necessary financial work for the Company. As a result of this, the Company has retained a new internal accounting firm, Ms. Jona Barnes, E.A., a Partner at Mallett & Barnes Tax Service of San Diego, CA to complete the accounting necessary to complete the Audit being done by our current PCOAB Auditing Firm, BMKR, LLP.

It is anticipated that the Audit and Form 10-K filing will be completed on December 6, 2019.

James Zimbler, President of Cannagistics stated, “Everyone at the Company has been working diligently to complete the year end filing. Bringing on a highly competent professional to take over from our previous accountant will allow us to complete the process.”

About Cannagistics: Cannagistics is a Nevada based, cannabis-based logistics company with an operating entity in Mississauga, Ontario, along with a joint venture partnership that gives access to the necessary licenses for CBD delivery as well as license and distribution agreements for intellectual property as developed by Dr. Babak “Bobby” Ghalili, the company’s Medical Director.

The company trades on the OTC Markets under the symbol “CNGT.”

Cannagistics has the following websites:

www.cannagisticsinc.com
www.cannagistics.io
www.global3pl.io

FORWARD LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191121005977/en/