Business
Avicanna to Postpone Reporting Fourth Quarter and Full Year 2019 Results Due to Delays Caused by COVID-19
Avicanna to Postpone Reporting Fourth Quarter and Full Year 2019 Results Due to Delays Cau...
About this update from Avicanna Inc
[{"type":"text","content":"\n\n\n\nAvicanna to Postpone Reporting Fourth Quarter and Full Year 2019 Results Due to Delays Caused by COVID-19\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 30, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS./\n TORONTO, March 30, 2020 /CNW/ - Avicanna Inc. (\"Avicanna\" or the \"Company) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) announces that due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption provided in Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements (the \"Ontario Instrument\") of the Ontario Securities Commission (and similar exemptions provided by the securities commissions in British Columbia and Alberta) to postpone the filing of the following continuous disclosure documents (collectively the \"Documents\"):\n\n \n \n \n \n \n \n\n \nthe Company's Annual Audited Financial Statements for the twelve-month period ended December 31, 2019 as required by section 4.2 of National Instrument 51-102 - Continuous Disclosure Obligations (\"NI 51-102\"); the Company's Management Discussion & Analysis for the twelve-month period ended December 31, 2019 as required by section 5.1(2) of NI 51-102; and the Company's Annual Information Form for the twelve-month period ended December 31, 2019 as required by section 6.2 of NI 51-102.According to the Ontario Instrument, during the period from March 23, 2020, to June 1, 2020, a person or company required to make certain filings as described in the Ontario Instrument has an additional 45 days from the deadline otherwise applicable under Ontario securities laws to make the filing. Until the Company has filed the required financial statements, management's discussion and analysis and annual information form, members of the Company's management and other insiders are subject to a insider trading black-out policy that reflects the principles in secti...