Latest news with #BritishColumbiaSecuritiesCommission
Yahoo
27-05-2025
- Business
- Yahoo
CubicFarm Systems Corp. Provides Default Status Report
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - CubicFarm® Systems Corp. (TSXV: CUB) (OTC Pink: CUBXF) ("CubicFarms" or the "Company"), a leading local chain agricultural technology company, is providing this default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On May 1, 2025, the Company announced that it was unable to file its annual audited financial statements for the fiscal year ended December 31, 2024, and the related management's discussion and analysis and annual information form for the fiscal year ended December 31, 2024 (the "Required Filings") by the deadline of April 30, 2025. On May 1, 2025, the British Columbia Securities Commission, as principal regulator, granted a temporary management cease trade order (the "MCTO") to the Company until June 30, 2025. The Company intends to file the Required Filings as soon as practicable. Pursuant to NP 12-203, the Company is required to file bi-weekly default status reports by way of news releases for the duration of the MCTO. The Company confirms that there have been no material changes to the information contained since its May 1, 2025 news release, except that it has now been granted an extension by the British Columbia Securities Commission to file the required financial statements by June 30, 2025. The audit process is still ongoing. The Company confirms there have been no failures by it in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203, and there has not been, nor is there anticipated to be, any specified default subsequent to the default announced in the Company's news release of May 1, 2025. Lastly, there is no material information concerning the affairs of the Company that has not been generally disclosed. For more information please contact: Michael B. Kyne, CFAChief Financial Officer & Chief Investment OfficerCubicFarm Systems Corp. and HydroGreen 605-800-1539Email: For media inquiries, contact info@ For investor inquiries, contact investors@ To reach HydroGreen's Producer Education Team, contact HGInfo@ Forward looking and other cautionary statements This news release may contain "forward-looking statements" within the meaning of applicable securities laws, including statements related to the Company's governance, strategic direction, and future leadership plans. Forward-looking statements are based on expectations, assumptions, and estimates as of the date of this news release and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially. These statements are typically identified by words such as "anticipate," "expect," "intend," "may," "will," "could," "should," or similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company's expectations regarding future events, performance, or results change. About HydroGreenHydroGreen produces Automated Vertical Pastures™, a type of smart farming equipment that uses a unique process to sprout grains such as wheat and barley, in a controlled growing environment to efficiently produce a high-performance feed ingredient for livestock 365 days a year. HydroGreen's equipment is simple and easy to operate and performs all growing functions automatically, including seeding, watering, lighting, harvesting, and re-seeding, which allows livestock businesses to feed consistent nutrition every day with minimal labor. When balanced correctly in the ration, HydroGreen sprouted grain modifies animal digestion which enhances productivity and reduces the amount of enteric methane emitted in ruminant livestock. The result also enables environmental benefits to the farm while helping to meet increasing demand for valuable farm-based inset and offset carbon credits. For more information, please visit About CubicFarmsCubicFarms is a leading local chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary ag-tech solutions enable growers to produce high quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a subsidiary of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops on-site, indoors, all year round. CubicFarms provides an efficient, localized food supply solution that benefits our people, planet, and economy. For more information, please visit TSX Venture Exchange DisclaimerNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES To view the source version of this press release, please visit Sign in to access your portfolio
Globe and Mail
14-05-2025
- Business
- Globe and Mail
ELSE NUTRITION PROVIDES BI-WEEKLY DEFAULT STATUS REPORT
VANCOUVER, BC , May 13, 2025 /CNW/ - ELSE NUTRITION HOLDINGS INC. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL) (the " Company") is providing this bi-weekly default status report in accordance with National Policy 12-203 Management Cease Trade Orders (" NP 12-203"). On April 1, 2025 , the Company announced in a news release (the " MCTO Announcement") that it has been granted a voluntary cease trade order (" MCTO") by British Columbia Securities Commission in accordance with National Policy 12-203 due to time constraints in completing the audit procedures for the filing of its annual financial statements, management's discussion and analysis (" MD&A") and annual information form (" AIF")(collectively, the " Annual Filings") for the year ended December 31, 2024 on SEDAR within 90 days of its financial year-end. The MCTO prohibits the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. Pursuant to NP 12-203, the Company must file bi-weekly default status reports in the form of further news releases during the period of the MCTO. The Company confirms that since the date of the MCTO Announcement: (i) there has been no material change to the information contained as set out in the MCTO Announcement; (ii) there has been no failure to satisfy the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default subsequent by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company reports that it is working diligently with its auditor to complete the audit of the financial statements for the year ended December 31, 2024 . The company expects to file its Annual Filings by May 27 , and in any event no later than May 30, 2025 , and will issue a news release once they have been filed. Until filing of the Annual Filings, the Company intends to satisfy the provisions of the alternative information guidelines as required by NP 12-203. About Else Nutrition Holdings Inc. Else Nutrition Holdings Inc. is a food and nutrition company in the international expansion stage focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its Plant-Based Complete Nutrition for Toddlers, made of whole foods, almonds, buckwheat, and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth. Awards and Recognition: "2017 Best Health and Diet Solutions" award at Milan's Global Food Innovation Summit #1 Best Seller on Amazon in the Fall of 2020 in the New Baby & Toddler Formula Category "Best Dairy Alternative" Award 2021 at World Plant-Based Expo Nexty Award Finalist at Expo West 2022 in the Plant-Based lifestyle category During September 2022 , Else Super Cereal reached the #1 Best Seller in Baby Cereal across all brands on Amazon For more information, visit or @elsenutrition on Facebook and Instagram. Caution Regarding Forward-Looking Statements This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "will" or similar expressions. Forward-looking statements in this press release include but are not limited to, statements with respect to the Company filing its annual financial statements, MD&A and AIF. These forward-looking statements are made as of the date of this press release. Such forward-looking statements reflect current estimates, beliefs and assumptions, which are based on management's perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, variations in market conditions; currency exchange rates; the Company's ability to obtain any necessary permits, consents or authorizations required for its activities; the Company's ability to access further funding, to continue its projected growth, or to be fully able to implement its business strategies. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management's expectations only as of the date of this press release. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
