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Boosh Announces Anticipated Late Filing of Its Annual Financial Statements and Resignation of Director
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - Boosh Plant-Based Brands Inc.&#x...
About this update from Boosh Plant-based Brands, Inc.
[{"type":"text","content":"Boosh Announces Anticipated Late Filing of Its Annual Financial Statements and Resignation of DirectorVancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77i) (\"Boosh\" or the \"Company\"), a premier plant-based brand in the \"better for you\" food sector, announced today that it expects that it will not be filing its audited financial statements for its fiscal year ended March 31, 2022 (the \"2022 Annual Financial Statements\"), its management's discussion and analysis relating thereto, and chief executive officer and chief financial officer certificates relating to the 2022 Annual Financial Statements (collectively, the \"Required Filings\") before the prescribed deadline of July 31, 2023.The Company submitted an application with the British Columbia Securities Commission (\"BCSC\") and other applicable securities regulators under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults (\"National Policy 12-203\") requesting that a Management Cease Trade Order (the \"MCTO\") be imposed in respect of this late filing. There is no guarantee or assurance that the MCTO will be granted. If the MCTO is granted, the MCTO will prohibit the Chief Executive Officer, the Chief Financial Officer, the Directors, other officers, and other insiders of the Company from trading in securities of the Company for so long as the Required Filings are not filed. The issuance of such cease trade order does not generally affect the ability of persons who are not Directors, Officers, or other insiders of the Company to trade in the Company's securities.The Company confirms that it will satisfy the provisions of the alternative information guidelines under National Policy 12-203 by issuing bi-weekly default status reports in the form of news releases so long as it remains in default of the filing requirements set out above.The Corporation also announced today that Mike Lund has resigned as a Director of the Company. The Board would like to thank Mr. Lund for his services and contributions and wish him all the best in his future endeavors.Connie MarplesFounder/[email protected] Boosh Plant-Based Brands Inc.: Boosh Plant-Based Brands Inc., through its wholly owned subsidiary, Boosh Food (www.booshfood.com) offers high quality...