Deveron Announces Filing of Corrective Disclosure Pursuant to OSC Review
Deveron Corp. (TSXV: FARM), a North American agriculture services and data company, has filed corrective disclosures following an Ontario Securities Commission (OSC) review. The corrections address deficiencies in multiple financial reports, including the 2024 annual financials and quarterly reports for Q1, Q2, and Q3 2025.
The company made these corrections as part of its application to revoke a failure-to-file cease trade order issued by the OSC on November 1, 2024. Key corrections include adjustments to impairment expenses, earnings per share figures, reclassification of convertible debentures, and comparative period disclosures. As a result, Deveron has been placed on the OSC's Errors and Refilings List.
Deveron Corp. (TSXV: FARM), una società nordamericana di servizi agricoli e dati, ha presentato rettifiche correttive a seguito di una revisione della Ontario Securities Commission (OSC). Le correzioni riguardano carenze in diversi rapporti finanziari, inclusi i documenti finanziari annuali del 2024 e i rapporti trimestrali del primo, secondo e terzo trimestre del 2025.
La società ha effettuato queste correzioni nell’ambito della domanda per revocare un’ordinanza di cessazione del commercio per mancata presentazione emessa dall’OSC il 1 novembre 2024. Le correzioni chiave includono rettifiche alle spese per impairment, ai dati sull’utile per azione, la riclassificazione dei debentures convertibili e le diciture sui periodi comparativi. Di conseguenza Deveron è stato inserito nell’Elenco degli errori e delle nuove presentazioni dell’OSC.
Deveron Corp. (TSXV: FARM), una empresa norteamericana de servicios agrícolas y datos, ha presentado divulgaciones correctivas tras una revisión de la Ontario Securities Commission (OSC). Las correcciones abordan deficiencias en varios informes financieros, incluidos los estados financieros anuales de 2024 y los informes trimestrales del primer, segundo y tercer trimestre de 2025.
La compañía realizó estas correcciones como parte de su solicitud para revocar una orden de cese de comercio por incumplimiento de presentación emitida por la OSC el 1 de noviembre de 2024. Las correcciones clave incluyen ajustes a gastos de deterioro (impairment), cifras de ganancias por acción, la reclasificación de bonos convertibles y divulgaciones de periodos comparativos. Como resultado, Deveron ha sido incluido en la Lista de Errores y Reenvíos de la OSC.
Deveron Corp. (TSXV: FARM), 북미 농업 서비스 및 데이터 회사가 온타리오 증권위원회(OSC)의 검토에 따라 수정 공시를 제출했습니다. 수정 내용은 2024년 연간 재무제표 및 2025년 1분기, 2분기, 3분기 분기보고서를 포함한 여러 재무 보고서의 결함을 다룹니다.
이 회사는 OSC의 공시 누락으로 인한 매매 중지 명령을 취소하기 위한 신청의 일환으로 이러한 수정을 수행했습니다. 주요 수정 사항으로는 손상비용, 주당순이익(EPS) 수치의 조정, 전환가능 채권의 재분류, 비교기간 공시 등이 포함됩니다. 그 결과 Deveron은 OSC의 오류 및 재제출 목록에 등재되었습니다.
Deveron Corp. (TSXV: FARM), une société nord-américaine de services agricoles et de données, a déposé des divulguations correctives à la suite d’un examen par la Ontario Securities Commission (OSC). Les corrections répondent à des lacunes dans plusieurs rapports financiers, y compris les états financiers annuels 2024 et les rapports trimestriels du 1er, 2e et 3e trimestre 2025.
La société a effectué ces corrections dans le cadre de sa demande de révoquer une ordonnance de cesse-trade pour défaut de dépôt émise par l’OSC le 1er novembre 2024. Les corrections clés incluent des ajustements des charges d’amortissement, des chiffres du bénéfice par action, la reclassification des obligations convertibles et les informations des périodes comparatives. En conséquence, Deveron a été inscrit sur la liste des erreurs et des renvois de l’OSC.
Deveron Corp. (TSXV: FARM), ein nordamerikanisches Unternehmen für Landwirtschaftsdienstleistungen und Daten, hat korrigierende Offenlegungen nach einer Prüfung der Ontario Securities Commission (OSC) eingereicht. Die Korrekturen betreffen Mängel in mehreren Finanzberichten, einschließlich der 2024er Jahresabschlüsse und der Quartalsberichte für Q1, Q2 und Q3 2025.
Das Unternehmen nahm diese Korrekturen im Rahmen seines Antrags vor, eine von der OSC am 1. November 2024 verhängte Cease-Trade-Verfügung wegen Nicht-Einreichens aufzuheben zu lassen. Zu den wichtigsten Korrekturen gehören Anpassungen der impairment-Aufwendungen, der Ergebnisse je Aktie, die Neuklassifizierung von wandelbaren Anleihen und Offenlegungen zu Vergleichsperioden. Folglich wurde Deveron in die OSC-Fehler- und Neuanmeldungs-Liste aufgenommen.
Deveron Corp. (TSXV: FARM)، شركة أمريكا الشمالية للخدمات الزراعية والبيانات، قدمت إفصاحات تصحيحية عقب مراجعة من هيئة الأوراق المالية أونتاريو (OSC). التصحيحات تتناول عيوب في تقارير مالية متعددة، بما في ذلك البيانات المالية السنوية لعام 2024 وتقارير الربع الأول والثاني والثالث لعام 2025.
قامت الشركة بهذه التصحيحات كجزء من طلبها لالغاء أمر وقف التداول لعدم النشر الصادر عن OSC في 1 نوفمبر 2024. من بين التصحيحات الرئيسية: تعديلات على مصروفات انخفاض القيمة، أرقام ربحية السهم، إعادة تصنيف سندات قابلة للتحويل، وإفصاحات الفترات المقارنة. كنتيجة لذلك، أدرِجت Deveron في قائمة الأخطاء وإعادة التقديم من OSC.
Deveron Corp. (TSXV: FARM)，一家北美农业服务与数据公司，在< b>安大略省证券委员会（OSC）的审查后提交了纠正性披露。修正涉及多份财务报告的缺陷，包括2024年度财务报表以及2025年第一季度、第二季度和第三季度的季度报表。
公司在申请撤销OSC于2024年11月1日发布的< b>因未按时披露而暂停交易令的过程中进行这些修正。主要修正包括对减值支出、每股收益数据的调整、可转换债券的重新分类，以及比较期间的披露。因此，Deveron已被列入OSC的< b>错误与再披露名单。
- None.
- Company under failure-to-file cease trade order since November 1, 2024
- Required to make multiple financial statement corrections due to regulatory compliance issues
- Placed on OSC's Errors and Refilings List indicating reporting deficiencies
- Impairment expenses and earnings per share figures needed adjustment
Toronto, Ontario--(Newsfile Corp. - September 25, 2025) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, announces that further to review by the Ontario Securities Commission ("OSC") of the Company's disclosure, and a subsequent request from OSC staff in connection therewith, the Company has made corrective disclosure with respect to the following documents:
- audited annual financial statements for the fiscal year ended June 30, 2024, and related management's discussion and analysis ("2024 Financials");
- interim unaudited financial statements for the three-month period ended September 30, 2024, and related management's discussion analysis for the interim ("Q1 Financials"); and
- interim unaudited financial statements for the six-month period ended December 31, 2024, and related management's discussion analysis for the interim ("Q2 Financials").
Corrective disclosure was requested by OSC staff in connection with the Company's application to revoke to failure-to-file cease trade order issued by the OSC on November 1, 2024. Corrective disclosure addresses various deficiencies, including:
- the inclusion of the twelve months ended December 31, 2022, comparative period disclosure throughout the 2024 Financials and to correct non-compliance with the requirements of National Instrument 51-102 related to the change in the Company's year-end; and
- Reflected impairment expense in the quarter ending June 30, 2024, in alignment with the financial statements for the period ending June 30, 2024, and adjusted the earnings per share figures for both the quarter ending June 30, 2024 and December 31, 2024.
For the purpose of making corrective disclosure, and in accordance with OSC Staff Notice 51-711 (Revised) - Refilings and Corrections of Errors ("SN 51-711"), the Company has filed the revised versions of the 2024 Financials, the Q1 Financials and the Q2 Financials on the Company's profile on SEDAR+ (www.sedarplus.com) providing additional details and clarifications with respect to the Company's reclassification of the convertible debenture as a current liability, providing additional details and clarifications with respect to the Company's reclassification of certain outstanding promissory notes, inclusion of the twelve months ended December 31, 2022, comparative period disclosure throughout the 2024 Financials and correction to non-compliance with requirements of NI 51-102 related to the change in the Company's year-end, as well as the impairment loss adjustment and reflection of the adjustments made to the 2024 Financials throughout the Q1 Financials and the Q2 Financials. Certifications of the 2024 Financials, the Q1 Financials and the Q2 Financials were also filed by the Company as part of its corrective disclosure and in compliance with National Instrument 52-109 - Certification of Disclosure in Companys' Annual and Interim Filings.
In addition, on September 23, 2025, the Company refiled and restated: (i) Q1 Financials; (ii) its Q2 Financials; and (iii) its interim financial statements for the interim period ended March 31, 2025, and related management's discussion analysis for the interim (the "Q3 Financials"), to correct the date the board of directors and audit committee of the Company approved the Q1 Financials, the Q2 Financials and Q3 Financials. Certifications of refiled interim filings were filed by the Company as part of its corrective disclosure and in compliance with National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings. As a result, the Company was placed on the Errors and Refilings List in accordance with OSC Staff Notice 51-711 (Revised) Refilings and Corrections of Errors.
About Deveron: Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use.
For more information and to join our community, please visit www.deveron.com.
David MacMillan
President & CEO
dmacmillan@deveron.com
Tel: 647-963-2429
This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world-wide price of agricultural commodities, general market conditions, risks inherent in agriculture, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268037
FAQ
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When was the cease trade order issued against Deveron by the OSC?
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