NextGen Food Robotics Updates on MCTO and Business Progress
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NextGen Food Robotics Corporate Update
NextGen Food Robotics Corp. (the “Company”) (CBOE: NGRB; OTC Pink: NGRBF; Frankfurt: O83) has provided an important bi-weekly update regarding its Management Cease Trade Order (MCTO). This report is consistent with the guidelines established under National Policy 12-203 - Management Cease Trade Orders.
MCTO Status Report
The Company previously announced its application for a management cease trade order due to the delay in filing its audited annual financial statements for the fiscal year ending April 30, 2024. These statements include essential management discussions and analyses, along with CEO and CFO certificates. The Company had anticipated filing these Required Documents by the end of August 2024. However, the MCTO, issued on July 30, 2024, restricts the Company’s executives from trading any securities until the Required Documents are completed and the BCSC revokes the order.
Expected Filing Timeline
Management at NextGen Food Robotics is committed to finalizing the Required Documents and now estimates that they will be submitted by September 16, 2024. This revised deadline reflects the Company’s ongoing dedication to maintaining transparency and compliance with regulatory standards.
Continued Compliance and Information Disclosure
Since the original announcement regarding the MCTO, the Company has reported no additional changes that would materially affect investor decisions, ensuring no significant omissions exist related to its affairs. The Company has clearly stated that it continues to fulfill its obligations under NP 12-203, adhering to alternative information guidelines while remaining in default status.
Company Operations and Innovations
NextGen Food Robotics is at the forefront of innovation in the foodservice industry, operating commissary and ghost kitchens primarily from two locations. The Company is also developing the 'Lily app', an AI-driven mobile application designed to offer personalized meal recommendations and facilitate automated meal planning. This venture into technology underlines the Company's commitment to enhancing customer experiences through innovative solutions.
About NextGen Food Robotics Corp.
NextGen Food Robotics is dedicated to revolutionizing food preparation and service through technology. With its AI initiatives and kitchen solutions, the Company aims to improve efficiency and customer satisfaction in the rapidly evolving food market.
Contact Information
For further inquiries, please contact:
Paul Francisco Rivas, Chief Executive Officer
Phone: 1 (236) 471-1357
Email: privas@nextgenai.ca
Frequently Asked Questions
What is the purpose of the MCTO issued to NextGen Food Robotics?
The MCTO restricts trading of the Company’s securities by top executives until the required financial documents are filed and the order is revoked.
When does NextGen Food Robotics expect to file its Required Documents?
The Company now expects to file its Required Documents by September 16, 2024.
What innovative project is NextGen Food Robotics currently developing?
NextGen Food Robotics is developing the 'Lily app', which offers AI-powered meal recommendations and automated meal planning.
How does NextGen Food Robotics ensure compliance with NP 12-203?
The Company follows the alternative information guidelines and reports any relevant updates to maintain investor transparency.
How can investors get in touch with NextGen Food Robotics?
Investors can contact Paul Francisco Rivas via phone or email for any inquiries related to the Company.
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