NetworkNewsBreaks – Red White & Bloom Brands Inc
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Posted On: 05/18/2022 4:12:56 PM
NetworkNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Status Update Regarding MCTO
Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has shared a status update on the management cease trade order (“MCTO”) the company received from the British Columbia Securities Commission; the MCTO was effective on May 3, 2022, under the National Policy 12-203. In the update, the company references its original press release, which announced a delay in the filing of key financial statements and accompanying management’s discussion and analysis for FY 2021, a delay that would extend beyond the period outlined in the applicable Canadian securities laws. The update also noted that progress is being made with the audit, as well as with the completion of RWB’s interim financial statements and accompanying management’s discussion and analysis for Q1 2022. Based on market regulations, the general investing public may continue to trade in the company’s listed commons shares during the MCTO, although Red White & Bloom’s CEO and interim CFO are not allowed to trade company shares. The status update confirmed that the company is working to satisfy the provisions of NP 12-203, including providing biweekly status reports.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has shared a status update on the management cease trade order (“MCTO”) the company received from the British Columbia Securities Commission; the MCTO was effective on May 3, 2022, under the National Policy 12-203. In the update, the company references its original press release, which announced a delay in the filing of key financial statements and accompanying management’s discussion and analysis for FY 2021, a delay that would extend beyond the period outlined in the applicable Canadian securities laws. The update also noted that progress is being made with the audit, as well as with the completion of RWB’s interim financial statements and accompanying management’s discussion and analysis for Q1 2022. Based on market regulations, the general investing public may continue to trade in the company’s listed commons shares during the MCTO, although Red White & Bloom’s CEO and interim CFO are not allowed to trade company shares. The status update confirmed that the company is working to satisfy the provisions of NP 12-203, including providing biweekly status reports.
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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