Wellbeing Announces Cease Trade Order
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interim financial report for the period ended
January 31, 2023 , -
annual audited financial statements for the year ended
October 31, 2022 , -
management's discussion and analysis for the periods ended
October 31, 2022 andJanuary 31, 2023 , -
annual information form for the year ended
October 31, 2022 , and -
certification of annual and interim filings for the periods ended
October 31, 2022 andJanuary 31, 2023 ,
all as required by National Instrument 51-102 - Continuous Disclosure Obligations and National Instrument 52-109 - Certification of Disclosure in Issuers’ Annual and Interim Filings (collectively, the “Documents”).
As previously disclosed, the Company recently changed accounting firms, which prompted the initial delay, and, due to the complexity of Wellbeing’s business, the delay has continued longer than anticipated. The Company is working diligently and expeditiously with its auditors and expects to file the Documents as soon as possible with a current expectation of on or about
The FFCTO prohibits the trading by any person of any securities of the Company in each jurisdiction in
There is no assurance that the Company will be able to remedy its filing default and have the FFCTO lifted in a timely manner or at all.
The Company is not currently subject to any insolvency proceedings. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS:
Chief Executive Officer
Notice Regarding Forward-Looking Information
This news release contains forward-looking statements including but not limited to statements regarding the Company’s business, assets or investments, as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward- looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and prospects of the Company. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
Forward-looking statements in this document include statements concerning Wellbeing’s intent to file the Documents by no later than
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VP of Marketing & Investment Relations
Email: ndolphin@wellbeingdigital.co
Twitter: @Wellbeing_IR
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