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Sunniva Inc. Reports On Status Of Filing Of Annual Financial Statements And Notice Of Default
Sunniva Inc. Reports On Status Of Filing Of Annual Financial Statements And Notice Of Default.
About this update from Sunniva Inc
[{"type":"text","content":"\n\n\n\nSunniva Inc. Reports On Status Of Filing Of Annual Financial Statements And Notice Of Default\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.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n\n\n\n\n\n\nSunniva Inc. Reports On Status Of Filing Of Annual Financial Statements And Notice Of Default\nCanada NewsWire\nVANCOUVER, BC, June 17, 2020\n\n\n\nVANCOUVER, BC, June 17, 2020 /CNW/ -- Sunniva Inc. (\"Sunniva\", the \"Company\", \"we\", \"our\" or \"us\") (CSE:SNN) (OTCQB:SNNVF) announced that it has received notice from the British Columbia Securities Commission that the Company has been placed on the default issuers list as a result of the Company's failure to file its annual audited financial statements and accompanying management's discussion and analysis, and related CEO and CFO certifications, as required by National Instrument 52-109, for the financial year ended December 31, 2019 (the \"Annual Filings\") prior to the filing deadline on June 15, 2020. Failure to correct the above noted deficiencies may result in further action including the issuance of a Cease Trade Order. \n\n \n \n \n \n \n \n\n \nThe Company has prepared its annual financial statements and plans to engage its auditors and begin the audit of the annual statements following confirmation of the waiver of conditions with respect to the sale of its property at Okanagan Falls, British Columbia (the \"OK Falls Transaction\"), announced on June 8, 2020.  The waiver of conditions for the OK Falls Transaction is expected on July 2, 2020.  At this time, the Company is unable to estimate when the Annual Filings will be completed and filed. The Company will provide updates with respect to the Annual Filings when in a pos...