Business
Simply Solventless Provides Update on Filing of 2025 Annual Financial Statements, Q1 Financial Statements, Related Management's Discussion and Analysis and Management Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - May 28, 2026) - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC" or the "Company") provides an update regarding the filing of its audited annual financial statements for the year ended December 31, 2025, the related management's discussion and analysis, and related CEO and CFO certificates (the "Annual Filings"), and its previously announced management cease trade order ("MCTO") issued by the Company's principal regulator, the Alberta Securities...
About this update from Simply Solventless Concentrates Ltd
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - May 28, 2026) - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC" or the "Company") provides an update regarding the filing of its audited annual financial statements for the year ended December 31, 2025, the related management's discussion and analysis, and related CEO and CFO certificates (the "Annual Filings"), and its previously announced management cease trade order ("MCTO") issued by the Company's principal regulator, the Alberta Securities Commission ("ASC"), under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") on May 4, 2026.","length":677,"tagName":"p"},{"type":"text","content":"The Company expects to file the Annual Filings on or before June 18, 2026. In addition, the Company announces that it will not be in a position to file its interim financial statements for the three months ended March 31, 2026, the related management's discussion analysis, and related CEO and CFO certificates (the "Q1 Filings") by the required deadline of May 31, 2026. The Company expects to file the Q1 Filings by June 18, 2026. The Company has requested that the ASC extend the MCTO to June 18, 2026.","length":519,"tagName":"p"},{"type":"text","content":"The delay in completing and filing the Annual Filings and Q1 Filings is due to management time constraints caused by the previously announced Companies' Creditors Arrangement Act (Canada) proceedings involving the Company's wholly owned subsidiaries, ANC Inc., CannMart Inc. and Massive Hash Factory Ltd. The Company continues to work diligently with its auditor to complete the outstanding audit matters in a timely manner.","length":432,"tagName":"p"},{"type":"text","content":"As previously announced, pursuant to the MCTO, Management of the Company may not trade in securities of the Company until such time as the Company files the Annual Filings and Q1 Filings and the MCTO is revoked. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing...