Latest news with #MNP
Globe and Mail
2 days ago
- Business
- Globe and Mail
Marksmen Energy Inc. Provides Update on the Filing of its 2024 Annual Financial Statements and Q1 Interim Financial Statements
CALGARY, ALBERTA, May 29, 2025 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (" Marksmen" or the " Company") is providing this update further to its news release dated May 15, 2025 with respect to the Alberta Securities Commission (" ASC"), having issued a management cease trade order (" MCTO") to Marksmen pursuant to its application under National Policy 12-203 Management Cease Trade Orders (" NP 12-203") in respect of the default regarding the delay of the filing of its annual financial statements, accompanying management's discussion and analysis and related chief executive officer (" CEO") and chief financial officer (" CFO") certifications for the financial year ended December 31, 2024 (collectively, the " Annual Filings"). Marksmen continues to work closely with its auditor MNP LLP and is making every effort to submit the Annual Filings in a timely fashion and expects to file no later than June 15, 2025. As a result of the delay in filing the Annual Filings, the Company's interim financial statements for the three months ended March 31, 2025, the accompanying management discussion and analysis and related CEO and CFO certifications (" Q1 Filings") will not be filed by the prescribed deadline of May 30, 2025. The Company currently anticipates that it will be in a position to file the Q1 Filings by June 30, 2025. The ASC has confirmed that the MCTO will remain in effect until June 30, 2025. The Company confirms that, other than as disclosed in its news release dated May 15, 2025, or as set out herein, there is no other material information concerning the affairs of the Company that has not been generally disclosed. The MCTO prohibits the CEO and the CFO from trading in securities of Marksmen for two full business days after the Annual Filings and Q1 Filings have been filed. The issuance of the MCTO does not affect the ability of persons other than the CEO and the CFO of the Company to trade in the Company's securities. Until the Annual Filings and Q1 Filings have been filed, the Company confirms that it intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 for so long as it remains in default as a result of the late filing of the Annual Filings and Q1 Filings by issuing biweekly default status reports in the form of further news releases. For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@ Forward Looking Information and Risk Factors This news release contains statements and information that may constitute "forward-looking information" within the meaning of applicable securities legislation, including statements identified by the use of words such as "will", "expects", "positions", "believe", "potential" and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts. Such forward-looking information is not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein may include, but is not limited to, information concerning the estimated filing date of the Annual Filings and Q1 Filings. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Some of these risks include, but are not limited to, the risk that the Annual Filings and Q1 Filings are filed later than anticipated, the risk that the Company's MCTO is revoked for any reason, in which case there is a risk that trading in the Company's securities may halted by the TSX Venture Exchange and/or cease traded temporarily by the Canadian securities commissions until such time as the Annual Filings and Q1 Filings are filed on SEDAR+. Additional information regarding risks and uncertainties of the Company's business are contained under the headings "Financial Risk Management" and "Going Concern" in the Company's Management's Discussion & Analysis for the condensed interim consolidated financial statements for the nine months ended September 30, 2024 and the Company's other public filings which are available under the Company's profile on SEDAR+ at Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information contained in this news release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information contained in this news release are made as of the date of this news release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.
Associated Press
2 days ago
- Business
- Associated Press
Quantum Biopharma Licensee Celly Nutrition Retains Leading Audit Firm MNP LLP to Advance Capital Raise and Go-Public Readiness and Changes Name To Unbuzzd Wellness Inc.
TORONTO, May 29, 2025 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) ('Quantum BioPharma'), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions, announces that Unbuzzd Wellness Inc. (formerly, Celly Nutrition Corp.) (the 'Company'), the company behind unbuzzdTM, the scientifically-proven beverage that accelerates alcohol metabolism, restores mental clarity and reduces hangover symptoms, that it has hired leading audit firm MNP LLP ('MNP') effective May 20, 2025, to conduct Public Company Accounting Oversight Board ('PCAOB') audits of the Company's financial statements in preparation for a possible initial public offering ('IPO'). The Company's predecessor auditor, Stern & Lovrics LLP (the 'Predecessor Auditor') resigned effective May 20, 2025, at the Company's request, and the Company's board of directors, upon the audit committee's recommendation, appointed MNP to fill the resulting vacancy until the close of the next annual meeting of the Company's shareholders. MNP, registered with the PCAOB, has the experience and proven track record to deliver audits of the highest standard. Hiring MNP follows the Company's announcement on February 5, 2025, regarding their retention of a New York investment bank to advise on a capital raise and explore an IPO, pending regulatory approval. John Duffy, CEO of Unbuzzd Wellness Inc. stated, 'This engagement of audit firm MNP demonstrates that we adhere to the highest standards in the industry. MNP has worked hard to understand our business and their PCAOB-level audits will prepare Unbuzzd Wellness for a possible IPO.' Mr. Duffy has more than two decades of experience in leadership positions in the beverage industry, including as former VP of Marketing Assets and VP of National Sales at Coca-Cola.' Gerry David, Board Co-Chair and former CEO of Celsius Holdings with their bestselling energy drink Celsius Energy, added, 'Completing our PCAOB audits with MNP represents another important step in ensuring our continued success and strength as we raise capital and consider the possibility of an IPO.' The change of auditor notice required pursuant to National Instrument 51-102 – Continuous Disclosure Obligations ('NI 51-102') and associated material have been filed on SEDAR+ ( under the Company's profile within the prescribed time period. There were no reservations or modified opinions in any auditor's reports nor any reportable events as defined in NI 51-102 in connection with the audits by the Predecessor Auditor of the Company's most recently completed financial year or any subsequent period. Name Change In addition, the Company has changed its name to 'Unbuzzd Wellness Inc.' effective May 23, 2025 (the 'Name Change'). The board of directors of the Company approved the Name Change in accordance with the articles of the Company. The Company's new CUSIP is 90429T100 and its new ISIN is CA90429T1003. Shareholders are not required to exchange existing share certificates for new share certificates bearing the Company's new name. The Name Change does not affect the rights of the Company's shareholders and no further action is required by existing shareholders. About Quantum BioPharma Ltd. Quantum BioPharma (NASDAQ: QNTM) is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. ('Lucid'), Quantum BioPharma is focused on the research and development of its lead compound, Lucid-MS. Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. Quantum BioPharma invented unbuzzd™ and spun out its OTC version to a company, Unbuzzd Wellness Inc. (formerly Celly Nutrition Corp.), led by industry veterans. Quantum BioPharma retains ownership of 20.11% (as of March 31, 2025) of Unbuzzd Wellness Inc. The agreement with Unbuzzd Wellness Inc. also includes royalty payments of 7% of sales from unbuzzd™ until payments to Quantum BioPharma total $250 million. Once $250 million is reached, the royalty drops to 3% in perpetuity. Quantum BioPharma retains 100% of the rights to develop similar products or alternative formulations specifically for pharmaceutical and medical uses. Quantum BioPharma maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property. For more information on Quantum BioPharma, please visit About Unbuzzd Wellness Inc. The Company, a non-trading but fully reporting public issuer, stands as a pioneering force in the wellness and recovery supplement landscape. unbuzzd has been developed by a world-class research and development team in pharmacology and medicine, with a commitment to innovation and quality. With a proprietary blend of vitamins, minerals and herbs, unbuzzd helps your body process alcohol faster, restore mental alertness, and improve cognition so you can drink responsibly. unbuzzd appeals to a broad audience of alcohol consumers who want to have a good time, be in control, and still feel great the next day. Scientifically-backed by a recently completed double-blind, randomized, placebo-controlled crossover design clinical trial, unbuzzd dramatically accelerates alcohol metabolism, speeds the reduction of blood alcohol concentration, restores mental clarity, and reduces the symptoms of intoxication, impairment and hangover. The full press release of the clinical trial can be found here. unbuzzd ready-to-mix powder sticks are available in 3-pack, 8-pack, and 18-pack formats at and unbuzzd is a registered trademark of the Company. Individual results may vary. unbuzzd is a dietary supplement. Consuming unbuzzd after alcohol ingestion does not permit you to operate a vehicle. Drink responsibly. DO NOT DRINK AND DRIVE. For more information on Unbuzzd Wellness Inc. please visit Forward-Looking Information Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as 'may', 'should', 'anticipate', 'expect', 'potential', 'believe', 'intend' or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements related to such. Forward-looking information in this press release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to additional information relating to Quantum BioPharma, including its annual information form, can be located on the SEDAR+ website at and on the EDGAR section of the United States Securities and Exchange Commission's website a more complete discussion of such risk factors and their potential effects. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those Quantum BioPharma Ltd. Zeeshan Saeed, Founder, CEO and Executive Co-Chairman of the Board Email: [email protected] Telephone: (833) 571-1811 Investor Relations Investor Relations: [email protected] General Inquiries: [email protected]
Cision Canada
5 days ago
- Business
- Cision Canada
2025 MNP Municipal Report: Canadian local governments lean into AI and analytics to drive meaningful progress
New report from MNP and Leger reveals the barriers, priorities, and progress shaping local government modernization in 2025 CALGARY, AB, May 26, 2025 /CNW/ - Local governments across Canada are advancing how they use data and artificial intelligence (AI) to better serve their communities. By addressing resource needs, improving data accessibility, and developing internal capabilities, municipalities are poised to drive more consistent outcomes across the country. According to MNP's latest Municipal Report, developed in partnership with Leger, 23 percent of Canadian municipalities are currently using AI, though over half are actively exploring or planning adoption. What's driving this momentum? A push for more efficient service delivery, better decision-making, and stronger community connections. Building on insights from MNP's 2024 and 2023 Municipal Reports, this year's edition reflects responses from 282 local and regional governments. The report highlights the changes in priorities, persistent challenges, and emerging tools influencing the municipal landscape today. "Municipalities aren't interested in technology for technology's sake. They're looking for practical solutions that help them solve real problems for real people," says James Richardson, Partner and National Leader of MNP's Municipal Community of Practice. "This report provides insights on the issues and priorities that can help them craft their local approach to making pragmatic, sustainable progress — even in the face of limited budgets or complex systems." What are the top priorities for local governments? This year's study shows local governments remain focused on core responsibilities like cyber security, customer service, and technology modernization. However, emerging priorities such as AI, data analytics, and smart city initiatives have surged in importance. Key municipal priorities in 2025 include: Cyber security and privacy (78%) Citizen experience and service delivery (65%) Technology modernization (63%) Artificial intelligence (48%, more than double from 2024) Smart cities and digital infrastructure (47%, up 12% from 2023) "Across Canada, we're seeing a shift toward data-driven decision making, but it requires more than just new tools," Wendy Gnenz, Partner and National Municipal Digital Leader at MNP. "Municipalities need to embrace a new way of providing programs and services — capitalizing on the vast amounts of data they have at their fingertips. What's standing in the way of progress? While priorities are clear, implementation remains challenging. Municipalities report persistent barriers, including: Insufficient resources (50%) Complicated decision-making processes and outdated procedures (44%, double from 2023) Legacy technology systems (43%) Lack of subject matter expertise (36%) Although overall resource constraints have declined slightly since 2023, issues tied to legacy policies, systems, and risk aversion is becoming more prominent blockers to progress. Nearly one-third of municipalities still lack formal guidelines for using AI, and nearly half rely primarily on Excel for analytics, limiting their ability to extract deeper insights or make predictive decisions. Another challenge lies in cyber security preparedness. While 83 percent of respondents say they feel prepared to manage data privacy and cyber threats, fewer than 35 percent consider themselves very prepared. In response, roughly three out of four identified cyber security training as one of their top internal needs — signalling the growing importance of capacity-building alongside new technology investments. How are municipalities using AI today Among those using AI, the most common applications focus on practical, people-first outcomes: Customer service chatbots and citizen engagement tools Public safety and environmental monitoring Internal HR functions like scheduling and recruitment At the same time, municipalities are prioritizing self-service platforms to improve access and convenience for citizens. These tools include mobile apps and online portals for taxes, permits, issue reporting, and other services. These investments are helping reduce administrative pressure while improving the overall customer experience. Why MNP leads this work As the pace of change accelerates, municipalities don't need a complete overhaul. They need clarity, confidence, and the right resources to keep moving forward. That's why MNP continues to lead this national study. We're committed to being a reference point and thought leader for Canadian local governments — providing relevant insights to help communities navigate challenges and seize new opportunities. Whether they're implementing developing technologies, rethinking service delivery, or building internal capacity, we believe every community deserves a roadmap tailored to its unique needs and realities. This report is one way we support that mission, offering grounded, data-driven perspectives that leaders can use to make informed, people-focused decisions. For survey data, analysis, and expert insights, download the full report here: About MNP LLP National in scope and local in focus, MNP is one of Canada's leading professional services firms — proudly serving individuals, businesses, and organizations since 1958. Through the development of strong relationships, we provide client-focused accounting, consulting, tax, and digital services. Our clients benefit from personalized strategies with a local perspective to fuel success wherever business takes them. For more information, visit
Yahoo
5 days ago
- Business
- Yahoo
2025 MNP Municipal Report: Canadian local governments lean into AI and analytics to drive meaningful progress
New report from MNP and Leger reveals the barriers, priorities, and progress shaping local government modernization in 2025 CALGARY, AB, May 26, 2025 /CNW/ - Local governments across Canada are advancing how they use data and artificial intelligence (AI) to better serve their communities. By addressing resource needs, improving data accessibility, and developing internal capabilities, municipalities are poised to drive more consistent outcomes across the country. According to MNP's latest Municipal Report, developed in partnership with Leger, 23 percent of Canadian municipalities are currently using AI, though over half are actively exploring or planning adoption. What's driving this momentum? A push for more efficient service delivery, better decision-making, and stronger community connections. Building on insights from MNP's 2024 and 2023 Municipal Reports, this year's edition reflects responses from 282 local and regional governments. The report highlights the changes in priorities, persistent challenges, and emerging tools influencing the municipal landscape today. "Municipalities aren't interested in technology for technology's sake. They're looking for practical solutions that help them solve real problems for real people," says James Richardson, Partner and National Leader of MNP's Municipal Community of Practice. "This report provides insights on the issues and priorities that can help them craft their local approach to making pragmatic, sustainable progress — even in the face of limited budgets or complex systems." What are the top priorities for local governments?This year's study shows local governments remain focused on core responsibilities like cyber security, customer service, and technology modernization. However, emerging priorities such as AI, data analytics, and smart city initiatives have surged in importance. Key municipal priorities in 2025 include: Cyber security and privacy (78%) Citizen experience and service delivery (65%) Technology modernization (63%) Artificial intelligence (48%, more than double from 2024) Smart cities and digital infrastructure (47%, up 12% from 2023) "Across Canada, we're seeing a shift toward data-driven decision making, but it requires more than just new tools," Wendy Gnenz, Partner and National Municipal Digital Leader at MNP. "Municipalities need to embrace a new way of providing programs and services — capitalizing on the vast amounts of data they have at their fingertips. What's standing in the way of progress?While priorities are clear, implementation remains challenging. Municipalities report persistent barriers, including: Insufficient resources (50%) Complicated decision-making processes and outdated procedures (44%, double from 2023) Legacy technology systems (43%) Lack of subject matter expertise (36%) Although overall resource constraints have declined slightly since 2023, issues tied to legacy policies, systems, and risk aversion is becoming more prominent blockers to progress. Nearly one-third of municipalities still lack formal guidelines for using AI, and nearly half rely primarily on Excel for analytics, limiting their ability to extract deeper insights or make predictive decisions. Another challenge lies in cyber security preparedness. While 83 percent of respondents say they feel prepared to manage data privacy and cyber threats, fewer than 35 percent consider themselves very prepared. In response, roughly three out of four identified cyber security training as one of their top internal needs — signalling the growing importance of capacity-building alongside new technology investments. How are municipalities using AI todayAmong those using AI, the most common applications focus on practical, people-first outcomes: Customer service chatbots and citizen engagement tools Public safety and environmental monitoring Internal HR functions like scheduling and recruitment At the same time, municipalities are prioritizing self-service platforms to improve access and convenience for citizens. These tools include mobile apps and online portals for taxes, permits, issue reporting, and other services. These investments are helping reduce administrative pressure while improving the overall customer experience. Why MNP leads this workAs the pace of change accelerates, municipalities don't need a complete overhaul. They need clarity, confidence, and the right resources to keep moving forward. That's why MNP continues to lead this national study. We're committed to being a reference point and thought leader for Canadian local governments — providing relevant insights to help communities navigate challenges and seize new opportunities. Whether they're implementing developing technologies, rethinking service delivery, or building internal capacity, we believe every community deserves a roadmap tailored to its unique needs and realities. This report is one way we support that mission, offering grounded, data-driven perspectives that leaders can use to make informed, people-focused decisions. For survey data, analysis, and expert insights, download the full report here: About MNP LLPNational in scope and local in focus, MNP is one of Canada's leading professional services firms — proudly serving individuals, businesses, and organizations since 1958. Through the development of strong relationships, we provide client-focused accounting, consulting, tax, and digital services. Our clients benefit from personalized strategies with a local perspective to fuel success wherever business takes them. For more information, visit SOURCE MNP View original content: Sign in to access your portfolio
CBC
23-05-2025
- Politics
- CBC
Dysfunction at Champlain College went unchecked despite warnings: ministry report
The Ministry of Higher Education has released a report detailing how repeated warnings about dysfunction at Champlain College Lennoxville went largely unheeded for years. Champlain College Lennoxville, or CCL, is a CEGEP in Lennoxville, Que., and is overseen by Champlain Regional College, or CRC. The report, made public this week with redactions but dated February 2025, says that the administrators of the CEGEP failed to implement recommendations from a 2022 report. There were concerns even back then, the new report says, of "issues concerning governance, human resources and the working climate at CCL." The 2022 report, commissioned by the Higher Education Ministry and conducted by consulting firm MNP, made recommendations intended to improve the situation, which included "rigorously applying harassment prevention policies" and establishing a plan to improve financial management at the CEGEP, among other recommendations. But CCL failed to adopt most of those recommendations, and instead, financial dysfunction continued, the Higher Education Ministry report says. Allegations of psychological harassment by CCL's director, Nancy Beattie, went unaddressed, as did the appearance of a conflict of interest between Beattie and the co-ordinator of the college's finances, Beattie's husband, Daniel Poitras. CBC reported many of these allegations, which had been detailed in testimony heard at Quebec's labour tribunal in 2023. But the new ministry report included more details about allegations against Beattie and her husband. It says Beattie took vacation without telling anyone or naming a replacement, that she approved unworked overtime hours for someone whose name is redacted from the report, and that she would hire people on short-term contracts, which she would renew to avoid going through a formal hiring process, leading to allegations of favouritism. CRC's board of governors placed Beattie on paid leave following the CBC article that detailed some of the allegations against her and a new director for the CEGEP was named in October 2024, the new report says. The Higher Education Ministry report says that new people are improving the situation at the CEGEP, but it said further improvements would require the support of the administrators at the CRC and oversight from the ministry.
