NetworkNewsBreaks – Eat Well Investment Group In
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Posted On: 03/28/2022 5:10:44 PM
NetworkNewsBreaks – Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) (FSE: 6BC0) Delayed in Filing Required Filings
Eat Well Group (CSE: EWG) (OTC: EGFF) (FSE: 6BC0) has announced an expected delay in filing its required filings for the year ended Nov. 30, 2021. Requested filings include the company’s audited annual financial statements, related management’s discussion and analysis, and certificates of its CEO and CFO. The company announced it will be delayed until after March 30, 2022, the filing deadline. The company has applied to the British Columbia Securities Commission (“BCSC”) for a management cease trade order (“MCTO”), while also noting that it is diligently working with its auditors to complete the required filings as soon as possible. The MCTO would restrict all direct or indirect trading in securities of the company by the CEO and CFO until the required filings are submitted. According to the announcement, if the BCSC doesn’t grant the MCTO, Canadian securities regulatory authorities could issue a general cease trade order against the company based on its failure to file the required materials. In regard to the filings, Eat Well explained that it has experienced delays in the preparation of the audited annual financial statements because it has completed multiple acquisitions over a short period of time, and the subsequent audits have required thorough diligence. “The company is not aware of any specific accounting or audit concerns at this time,” the press release stated. “The company is working diligently with its accounting staff and external auditors to file the required filings and expects to be able to file the required filings no later than May 9, 2022.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Eat Well Group (CSE: EWG) (OTC: EGFF) (FSE: 6BC0) has announced an expected delay in filing its required filings for the year ended Nov. 30, 2021. Requested filings include the company’s audited annual financial statements, related management’s discussion and analysis, and certificates of its CEO and CFO. The company announced it will be delayed until after March 30, 2022, the filing deadline. The company has applied to the British Columbia Securities Commission (“BCSC”) for a management cease trade order (“MCTO”), while also noting that it is diligently working with its auditors to complete the required filings as soon as possible. The MCTO would restrict all direct or indirect trading in securities of the company by the CEO and CFO until the required filings are submitted. According to the announcement, if the BCSC doesn’t grant the MCTO, Canadian securities regulatory authorities could issue a general cease trade order against the company based on its failure to file the required materials. In regard to the filings, Eat Well explained that it has experienced delays in the preparation of the audited annual financial statements because it has completed multiple acquisitions over a short period of time, and the subsequent audits have required thorough diligence. “The company is not aware of any specific accounting or audit concerns at this time,” the press release stated. “The company is working diligently with its accounting staff and external auditors to file the required filings and expects to be able to file the required filings no later than May 9, 2022.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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