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Namaste Technologies Announces Appointment of New Auditor and Filing of Application for Management Cease Trade Order
Namaste Technologies Announces Appointment of New Auditor and Filing of Application for Ma...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste Technologies Announces Appointment of New Auditor and Filing of Application for Management Cease Trade Order\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 18, 2019\n\n\n\nTORONTO, March 18, 2019 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) wishes to announce the appointment of Baker Tilly WM LLP (\"Baker Tilly\") as its auditor.  This follows Namaste's prior announcement on March 5, 2019 announcing the resignation of PricewaterhouseCoopers, LLP as its former auditor.   The Company's audit committee and board have approved the appointment of Baker Tilly effective March 15, 2019. \n\n \n \n\n \nBaker Tilly is a full-service accounting, tax and advisory firm with offices in Vancouver and Toronto. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 33,600 professionals. \nThe filings required under Section 4.11(6) of National Instrument 51-102- Continuous Disclosure Obligations will be made publicly available at www.sedar.com. The Company confirms that there were no \"reportable events\" (as such term is defined in NI 51-102) with respect to the Company since the appointment of its former auditor. Namaste also announces that it will not be in a position to file its audited annual financial statements for the fiscal year ended November 30, 2018 and the related management's discussions and analysis (the \"Annual Filings\") by the filing deadline of April 1, 2019, in order to permit sufficient time for Baker Tilly to complete its audit.    \nAccordingly, the Company will be making an application to the applicable regulatory authorities  under National Policy 12-203 requesting that a management cease trade order (the \"MCTO\") be granted in respect of the anticipated late filing of the Annual Filings.  If the Company receives the MCTO, it is anticipated that the general investing public will continue to be...