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The Planting Hope Company (MYLKF) has announced a strategic review aimed at driving long-term growth and profitability. The review, to be completed within the next few months, will focus on core activities likely to yield sustainable growth.
An interim leadership structure, the Office of the CEO, will be led by independent board directors Kevin Phelps, Scott Carter, and Qing Meyerson. The review will consider potential partnerships and the divestiture of non-core assets.
Leadership changes include Julia Stamberger's new role as President and Kevin Phelps' appointment as Chairman of the Board. The review aims to capitalize on significant market opportunities, especially in the plant milk sector, which has seen substantial growth in the U.S.
The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) has received a Management Cease Trade Order (MCTO) from the British Columbia Securities Commission due to a delay in filing its audited annual financial statements for 2023. The MCTO prohibits the CEO and CFO from trading in the company's securities until the filings are complete. Shareholders not considered insiders are unaffected and can continue trading. The company will issue updates until the filings are completed.
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