Business
FUTURE FARM ANNOUNCES POSTPONEMENT OF CERTAIN FILINGS AND RELIANCE ON CSA INSTRUMENTS GOVERNING RELIEF UNDER COVID-19
FUTURE FARM ANNOUNCES POSTPONEMENT OF CERTAIN FILINGS AND RELIANCE ON CSA INSTRUMENTS GOVERNING RELIEF UNDER COVID-19.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"Future Farm Technologies Inc. (the “Company,” “Future Farm” or “FFT”) (CSE: FFT) (OTCQB: FFRMF) announces that, due to logistics and delays caused by the COVID-19 pandemic, it has postponed the filing of its annual audited financial statements for the year ended February 29, 2020 and related management discussion and analysis (collectively, the “Annual Financial Filings”), as required by National Instrument 51-102. Similarly, the Company will also delay the filing of its May 31, 2020 quarterly report and management discussion and analysis, which is due July 30, 2020 (collectively, the “Q1 Financial Filings”).Pursuant to the Canadian Securities Administrators’ temporary blanket relief for market participants, which provides a 45-day extension for periodic filings normally required to be made by issuers such as Future Farm, and as further required by British Columbia Securities Commission Instrument 51-517, Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (BC Instrument 51-517), the Company further discloses the following:The Company's management and other insiders will be subject to a trading black-out that reflects the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders until such time that its Annual Financial Filings are complete and filed; and The Company expects to file its Annual Financial Filings on or about August 13, 2020 and the Q1 Financial Filings on or about September 13, 2020.Since February 7, 2020, when the Company filed its interim financial reports for the nine-month period ended November 30, 2019, the Company has announced the following business developments, copies of which are available on Sedar at www.sedar.com:On February 18, 2020, the Company provided an update on its growth initiatives;On March 10, 2020, the Company announced that it had hemp seeds available for sale;On April 9, 2020, the Company announced that its Newfoundland subsidiary had been awarded a research license pursuant to Health Canada’s Cannabis Act and Regulations;On April 29, 2020, the Company announced that its Florida subsidiary was expanding operations;On May 5, 2020, the Company announced relief based pricing for its hemp seeds;On May 21, 2020, the Company announced that it had entered into an agreement to extend the t...