Prime Drink Group Announces Auditor Transition
Prime Drink Group Corp. (CSE: PRME) has made a significant move by changing its auditors from MNP LLP to Horizon Assurance LLP. This transition is part of the company’s commitment to uphold its financial integrity and transparency, ensuring that stakeholders receive the best oversight and accountability.
Details of the Auditor Change
The Former Auditor, MNP LLP, decided to resign on its own initiative effective June 25, 2025. In response, the board of directors promptly appointed Horizon Assurance LLP as the company's new auditor effective June 30, 2025, ahead of the next Annual General Meeting.
No Reservations Reported
Importantly, during its tenure, MNP LLP did not express any reservations in its audit reports. This clean slate demonstrates the sound financial practices of Prime Drink Group, reaffirming its focus on operational excellence and adherence to industry standards.
Compliance with National Instrument
As per the guidelines set forth in National Instrument 51-102 - Continuous Disclosure Obligations, the company has duly filed a Change of Auditor Notice with respect to the resignation and appointment of auditors. The notice was filed on SEDAR+, including confirmations from both auditors, indicating that there were no significant reportable events during the transition period.
Why This Change Matters
The choice to engage Horizon Assurance LLP highlights Prime Drink Group's commitment to maintaining rigorous audit standards. This strategic decision is expected to benefit the company by providing fresh perspectives and enhanced governance on its financial practices.
Future Directions
As Prime Drink Group moves forward with its new auditing partner, stakeholders can look forward to continued enhancements in financial clarity and transparency. This change aligns with the company’s overarching goal of not only expanding its market presence but also ensuring robust fiscal management.
Contact Information
For further details, stakeholders are encouraged to reach out to:
Jean Gosselin, CFO
Phone: (514) 394-7717
Email: info@prime-group.ca
Frequently Asked Questions
What prompted the auditor change at Prime Drink Group?
The change was initiated by the Former Auditor, MNP LLP, resigning on its own initiative.
What is the role of Horizon Assurance LLP?
Horizon Assurance LLP has been appointed to provide auditing services, ensuring accountability and transparency in financial reporting.
Are there any reported issues from the Former Auditor?
No, MNP LLP had no reservations in their audit reports during their tenure.
What is National Instrument 51-102?
It is a regulatory framework that mandates disclosure obligations for companies to ensure proper communication with stakeholders.
How can stakeholders contact Prime Drink Group for more information?
They can reach out via email to the CFO, Jean Gosselin, at info@prime-group.ca.
