ELSE NUTRITION PROVIDES BI-WEEKLY DEFAULT STATUS REPORT
Else Nutrition Holdings has provided a bi-weekly default status report following the Management Cease Trade Order (MCTO) granted by the British Columbia Securities Commission. The MCTO was issued due to delays in completing audit procedures for the company's annual financial statements for the year ended December 31, 2024.
The MCTO restricts trading activities for the company's CEO and CFO until the Annual Filings are submitted and the order is lifted. Other shareholders maintain their ability to trade securities. The company confirms there have been no material changes since the initial MCTO announcement on April 1, 2025.
Else Nutrition is actively working with auditors to complete the financial statements audit and expects to file the required documents by May 13, with a final deadline of May 30, 2025. The company will continue to provide updates in accordance with National Policy 12-203 guidelines.
Else Nutrition Holdings ha fornito un rapporto di stato sul default bisettimanale a seguito dell'Ordine di Sospensione del Commercio da parte della Direzione (MCTO) concesso dalla British Columbia Securities Commission. Il MCTO è stato emesso a causa di ritardi nel completamento delle procedure di revisione per i bilanci annuali relativi all'esercizio chiuso al 31 dicembre 2024.
Il MCTO limita le attività di negoziazione per il CEO e il CFO della società fino alla presentazione delle Dichiarazioni Annuali e alla revoca dell'ordine. Gli altri azionisti mantengono la possibilità di negoziare i titoli. La società conferma che non sono state apportate modifiche significative dall'annuncio iniziale del MCTO del 1° aprile 2025.
Else Nutrition sta collaborando attivamente con i revisori per completare la revisione dei bilanci e prevede di depositare i documenti richiesti entro il 13 maggio, con una scadenza finale fissata al 30 maggio 2025. La società continuerà a fornire aggiornamenti in conformità con le linee guida della National Policy 12-203.
Else Nutrition Holdings ha proporcionado un informe de estado de incumplimiento quincenal tras la Orden de Suspensión de Comercio por parte de la Dirección (MCTO) otorgada por la Comisión de Valores de Columbia Británica. La MCTO se emitió debido a retrasos en la finalización de los procedimientos de auditoría para los estados financieros anuales del año terminado el 31 de diciembre de 2024.
La MCTO restringe las actividades comerciales para el CEO y CFO de la empresa hasta que se presenten los Informes Anuales y se levante la orden. Otros accionistas mantienen su capacidad para negociar valores. La empresa confirma que no ha habido cambios materiales desde el anuncio inicial de la MCTO el 1 de abril de 2025.
Else Nutrition está trabajando activamente con los auditores para completar la auditoría de los estados financieros y espera presentar los documentos requeridos antes del 13 de mayo, con una fecha límite final el 30 de mayo de 2025. La empresa continuará proporcionando actualizaciones de acuerdo con las directrices de la Política Nacional 12-203.
Else Nutrition Holdings는 브리티시컬럼비아 증권위원회가 부여한 경영진 거래중지명령(MCTO) 이후 격주 기본 상태 보고서를 제공했습니다. MCTO는 2024년 12월 31일 종료된 연도에 대한 회사의 연간 재무제표 감사 절차 완료 지연으로 인해 발행되었습니다.
MCTO는 연례 보고서가 제출되고 명령이 해제될 때까지 회사의 CEO와 CFO의 거래 활동을 제한합니다. 다른 주주들은 증권 거래 권한을 유지합니다. 회사는 2025년 4월 1일 최초 MCTO 발표 이후 중요한 변경 사항이 없었음을 확인했습니다.
Else Nutrition은 감사인과 적극 협력하여 재무제표 감사를 완료할 예정이며, 5월 13일까지 필요한 서류를 제출할 계획이며 최종 마감일은 2025년 5월 30일입니다. 회사는 National Policy 12-203 지침에 따라 계속 업데이트를 제공할 것입니다.
Else Nutrition Holdings a fourni un rapport d'état de défaut bihebdomadaire suite à l'Ordre de Suspension des Transactions de la Direction (MCTO) accordé par la Commission des valeurs mobilières de la Colombie-Britannique. Le MCTO a été émis en raison de retards dans l'achèvement des procédures d'audit des états financiers annuels de l'exercice clos le 31 décembre 2024.
Le MCTO restreint les activités de négociation du PDG et du directeur financier de la société jusqu'à ce que les Déclarations Annuelles soient soumises et que l'ordre soit levé. Les autres actionnaires conservent leur capacité à négocier les titres. La société confirme qu'aucun changement important n'a eu lieu depuis l'annonce initiale du MCTO le 1er avril 2025.
Else Nutrition travaille activement avec les auditeurs pour finaliser l'audit des états financiers et prévoit de déposer les documents requis d'ici le 13 mai, avec une date limite finale fixée au 30 mai 2025. La société continuera de fournir des mises à jour conformément aux directives de la Politique Nationale 12-203.
Else Nutrition Holdings hat einen zweiwöchentlichen Statusbericht zum Zahlungsausfall nach der von der British Columbia Securities Commission erteilten Management Cease Trade Order (MCTO) vorgelegt. Die MCTO wurde aufgrund von Verzögerungen bei der Durchführung der Prüfungsverfahren für den Jahresabschluss des zum 31. Dezember 2024 endenden Geschäftsjahres erlassen.
Die MCTO beschränkt die Handelsaktivitäten des CEO und CFO des Unternehmens, bis die Jahresberichte eingereicht und die Anordnung aufgehoben wird. Andere Aktionäre behalten ihre Handelsrechte. Das Unternehmen bestätigt, dass seit der ersten MCTO-Ankündigung am 1. April 2025 keine wesentlichen Änderungen eingetreten sind.
Else Nutrition arbeitet aktiv mit den Prüfern zusammen, um die Abschlussprüfung abzuschließen, und erwartet die Einreichung der erforderlichen Dokumente bis zum 13. Mai, mit einer endgültigen Frist am 30. Mai 2025. Das Unternehmen wird weiterhin gemäß den Richtlinien der National Policy 12-203 Updates bereitstellen.
- None.
- Company unable to file annual financial statements, MD&A, and AIF within required 90-day deadline
- Trading restrictions imposed on CEO and CFO through Management Cease Trade Order
- Delayed financial reporting until May 13-30, 2025, indicating potential audit complications
On April 1, 2025, the Company announced in a news release (the "MCTO Announcement") that it has been granted a voluntary cease trade order ("MCTO") by British Columbia Securities Commission in accordance with National Policy 12-203 due to time constraints in completing the audit procedures for the filing of its annual financial statements, management's discussion and analysis ("MD&A") and annual information form ("AIF")(collectively, the "Annual Filings") for the year ended December 31, 2024 on SEDAR within 90 days of its financial year-end. The MCTO prohibits the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.
Pursuant to NP 12-203, the Company must file bi-weekly default status reports in the form of further news releases during the period of the MCTO. The Company confirms that since the date of the MCTO Announcement: (i) there has been no material change to the information contained as set out in the MCTO Announcement; (ii) there has been no failure to satisfy the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default subsequent by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.
The Company reports that it is working diligently with its auditor to complete the audit of the financial statements for the year ended December 31, 2024. The company expects to file its Annual Filings by May 13, and in any event no later than May 30, 2025, and will issue a news release once they have been filed. Until filing of the Annual Filings, the Company intends to satisfy the provisions of the alternative information guidelines as required by NP 12-203.
About Else Nutrition Holdings Inc.
Else Nutrition Holdings Inc. is a food and nutrition company in the international expansion stage focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its Plant-Based Complete Nutrition for Toddlers, made of whole foods, almonds, buckwheat, and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth.
Awards and Recognition:
- "2017 Best Health and Diet Solutions" award at
Milan 's Global Food Innovation Summit - #1 Best Seller on Amazon in the Fall of 2020 in the New Baby & Toddler Formula Category
- "Best Dairy Alternative" Award 2021 at World Plant-Based Expo
- Nexty Award Finalist at Expo West 2022 in the Plant-Based lifestyle category
- During September 2022, Else Super Cereal reached the #1 Best Seller in Baby Cereal across all brands on Amazon
For more information, visit www.elsenutrition.com or @elsenutrition on Facebook and Instagram.
Caution Regarding Forward-Looking Statements
This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "will" or similar expressions. Forward-looking statements in this press release include but are not limited to, statements with respect to the Company filing its annual financial statements, MD&A and AIF. These forward-looking statements are made as of the date of this press release. Such forward-looking statements reflect current estimates, beliefs and assumptions, which are based on management's perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, variations in market conditions; currency exchange rates; the Company's ability to obtain any necessary permits, consents or authorizations required for its activities; the Company's ability to access further funding, to continue its projected growth, or to be fully able to implement its business strategies. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management's expectations only as of the date of this press release. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE Else Nutrition Holdings Inc.
FAQ
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