CanaFarma Hemp Products Corp. Announces Change of Auditor

VANCOUVER, BC / ACCESSWIRE / November 10, 2020 / CanaFarma Hemp Products Corp. (CSE:CNFA) (the "Company") announces that BDO USA, LLP (the "Former Auditor") has resigned as auditors of the Company on its own initiative, effective on October 22, 2020 (the "Effective Date"). There were no adverse, qualified opinion or denial of opinion on the Corporation's consolidated financial statements for the relevant period during which BDO was the Company's auditor. The Former Auditor advises of a reportable event for an unresolved issue, as each such term is defined in National Instrument 51-102, with the Company as follows:

a) The Former Auditor was unable to gather sufficient and appropriate evidential matter regarding key financial statement line items rendering the Former Auditor unable to reach a conclusion as to the implications of not obtaining such evidence prior to the date of the Former Auditor's resignation.

b) Neither of the Audit Committee of the Company's Board of Directors nor the Board of Directors of the Company has discussed the aforementioned issue with the Former Auditor.

c) The Company has authorized the Former Auditor to respond fully to all inquiries of any successor auditor concerning the aforementioned issue.

The Former Auditor's resignation has been accepted by the Company's audit committee and the Board of Directors. The notice of change of auditor, together with the letter from the Former Auditor, have been reviewed by the Company's audit committee and its Board of Directors and are posted at www.sedar.com.

About CanaFarma Hemp Products Corp.

CanaFarma Hemp Products Corp. is a full-service company operating in the hemp industry offering a full range of hemp-related products and services to the consumer wellness market. These products and services include growing top-quality hemp, providing hemp-processing services, and offering hemp-based products to consumers utilizing a well-established direct-to-consumer marketing approach.

For further information, please contact:
CanaFarma Hemp Products Corp.
David Lonsdale
Chief Executive Officer
Tel: + (214) 704-7942
Email: david@canafarmacorp.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: CanaFarma Hemp Products Corp.

ReleaseID: 615733