Playground Announces Adoption of Semi-Annual Reporting

Rhea-AI Summary

Playground Ventures (CSE: PLAY) announced adoption of the Semi-Annual Reporting (SAR) Pilot Program under Coordinated Blanket Order 51-933, moving from quarterly to semi-annual financial reporting.

The company will not file interim financial statements and MD&A for the three-month periods ended March 31, 2025 and March 31, 2026, nor the nine-month periods ended September 30, 2025 and September 30, 2026. Playground confirms it meets eligibility criteria (venture issuer, annual revenues under $10 million, clean 12-month disclosure record) and will continue audited annual financial statements (due within 120 days of December 31), six-month interim reports (due within 60 days of June 30), and timely material disclosure per NI 51-102.

Positive

• Reduces administrative and financial reporting burden
• Maintains audited annual statements due within 120 days
• Keeps six-month interim reports due within 60 days
• Meets SAR eligibility: revenues under $10 million

Negative

• No interim financial statements or MD&A for specified three- and nine-month periods
• Less frequent interim reporting may reduce short-term transparency for investors

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Toronto, Ontario--(Newsfile Corp. - May 1, 2026) - Playground Ventures Inc. (CSE: PLAY) (the "Company"), announces its intention to adopt the policies outlined in the Semi-Annual Reporting ("SAR") Pilot Program utilizing the exemptions provided under Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order").

The SAR Pilot program is implemented under the Blanket Order, which allows eligible venture issuers listed on the Canadian Securities Exchange (the "CSE") to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.

The Company will not file interim financial statements and related Management Discussion and Analysis ("MD&A") for the three-month period ending March 31, 2026, and March 31, 2025, and the nine-month period ending September 30, 2026 and September 30, 2025.

The Company will continue to file audited annual financial statements (due within 120 days of December 31) and six-month interim financial reports (due within 60 days of June 30).

The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.

The Company confirms that this news release is being filed pursuant to Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

For further information, please contact:
Jon Gill, Chairman and Interim Chief Financial Officer
Tel: 416-361-1913
Email: jgill@playgroundventures.com

Forward-Looking Information

This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295613

FAQ

What change did Playground Ventures (CSE: PLAY) announce on May 1, 2026 regarding reporting?

Playground adopted the Semi-Annual Reporting Pilot, moving from quarterly to semi-annual reporting. According to the company, it will stop filing interim financial statements and MD&A for the specified three- and nine-month periods while keeping annual and six-month filings.

Which interim filings will Playground Ventures stop submitting after adopting SAR?

The company will not file interim financial statements and MD&A for the three-month periods ending March 31, 2025 and March 31, 2026, and the nine-month periods ending September 30, 2025 and September 30, 2026. According to the company, annual and six-month reports continue.

Does Playground Ventures still file audited annual and six-month reports under SAR?

Yes. According to the company, audited annual financial statements remain due within 120 days of December 31, and six-month interim reports remain due within 60 days of June 30, despite adopting SAR.

Why is Playground Ventures eligible for the SAR Pilot under Coordinated Blanket Order 51-933?

Playground meets eligibility criteria as a venture issuer with annual revenues under $10 million and a clean 12-month continuous disclosure record. According to the company, these criteria qualify it for the pilot exemptions.

How will the SAR adoption affect investor disclosure and material news from Playground Ventures?

The company says it will continue timely disclosure of all material changes and significant developments under NI 51-102. According to the company, only routine interim statement frequency changes; material events will still be reported promptly.