Input Capital Corp. Victorious at Saskatchewan Court of Appeal
REGINA, SK, April 8, 2021 /CNW/ - Input Capital Corp. ("Input" or the "Company") (TSXV: INP) (US: INPCF) announces that the Saskatchewan Court of Appeal has ruled in Input's favour for a second time, overturning and setting aside several aspects of a Saskatchewan Court of Queen's Bench decision in 2018 related to a capital stream contract on which a farmer had defaulted.
The Saskatchewan Court of Appeal previously ruled in Input's favour on this case in August 2019, after which the farmer applied for leave to appeal to the Supreme Court of Canada. Having recently ruled on a case referred to as Heller, which involved some similar legal principles, the Supreme Court sent Input's case back to the Saskatchewan Court of Appeal to examine in light of the Supreme Court's ruling in the Heller case.
With today's ruling, the Saskatchewan Court of Appeal has once again validated Input's streaming contracts and related security as valid and fair.
Doug Emsley, Input's President and CEO, said: "We are very pleased with the decision of the Saskatchewan Court of Appeal. We always knew our streaming contracts and dealings were fair, balanced, and reasonable, and this decision confirms that. This decision removes a long-standing cloud of uncertainty for Input's shareholders."
Input was founded as an agriculture commodity streaming company providing several flexible and competitive forms of financing which help western Canadian farmers solve working capital, mortgage finance and canola marketing challenges and improve the financial position of their farms. On February 1, 2021, Input acquired SRG Security Resource Group Inc. as a platform for growth in the cyber and physical security business in Canada. For more information, please visit www.inputcapital.com.
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Forward Looking Statements
This release includes forward-looking statements regarding Input and its business. Such statements are based on the current expectations and views of future events of Input's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Input, including risks regarding the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of Input. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Input undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE Input Capital Corp.