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Liquid Media Group Ltd. (Nasdaq: YVR) announced a change in its auditor from Davidson & Company LLP to Marcum LLP. The transition is seamless, with no reservations or reportable events from the Former Auditor in the last two years. This change has been reviewed and approved by the Company’s audit committee and board of directors, and relevant documents are filed on SEDAR. Liquid Media empowers independent IP creators by providing a comprehensive solution for video creation, financing, and monetization.
Liquid Media Group Ltd. (Nasdaq: YVR) announced on April 3, 2023, that it failed to timely file its Form 20-F for the year ending November 30, 2022, which could lead to delisting from Nasdaq. The company plans to present its compliance strategy during an upcoming hearing before the Nasdaq Hearings Panel. Liquid intends to submit a request for a stay of suspension actions pending the hearing outcome. The company is actively working on the Form 20-F and aims to file it with the SEC as soon as possible. As an entertainment company, Liquid Media focuses on empowering independent IP creators through a complete solution for video content creation, financing, and monetization.
Liquid Media Group has rebranded iNDIEFLIX Education as iMPACTFUL to reflect its expansion into social impact initiatives with a focus on mental health education.
The organization aims to transform learning through film-based programs, notably the Angst program addressing anxiety, which has reached over 2.5 million individuals worldwide.
Endorsed by educators and mental health advocates, iMPACTFUL's programs include partnerships with over 25,000 schools and 300 Fortune 500 companies, promoting wellbeing and emotional resilience.
Liquid Media Group Ltd. (Nasdaq: YVR) will present at the LD Micro Main Event XV, scheduled for October 25-27, 2022, at the Luxe Sunset Boulevard Hotel in Los Angeles. The presentation is set for October 25, starting at 4:00 PM PT (Track 3). The company specializes in providing solutions for independent IP creators in media, including financing, distribution, and optimized content intelligence. Interested parties can register to watch the presentation online. Management will also be available for one-on-one meetings during the event.
Liquid Media Group (Nasdaq: YVR) announced significant financial results for Q3 2022, reporting revenues of $1,533,893, a remarkable increase of 28,491% from the prior year. Gross profit rose to $512,909 compared to a loss of $46,562 in Q3 2021. Operating expenses increased to $2.1 million, driven by rising headcount from acquisitions. The company has received a 180-day Nasdaq extension to meet its minimum bid price requirement. Key developments include the launch of the iGEMStv mobile app and a multi-year agreement with Screenvision Media.
Liquid Media Group Ltd. (Nasdaq: YVR) announces a multi-year agreement with Screenvision Media to enhance its digital content delivery. The Digital Cinema United (DCU) subsidiary will manage advertising content distribution at over 650 US theaters, integrating its cloud-based platform, DCU Connect, which will replace physical USB drives. This initiative extends DCU's reach to more than 3,000 locations globally. The technology offers cost-effective, quick installation for exhibitors, strengthening Liquid Media's growth strategy and commitment to shareholder value.
Liquid Media Group Ltd. (Nasdaq: YVR) has announced a significant 187% increase in revenue and regained compliance with the British Columbia Securities Commission, lifting its Cease Trading Order. CEO Joshua Jackson highlighted the company's commitment to provide end-to-end media solutions for independent content creators, focusing on partnerships and acquisitions. New initiatives include the online video community Projektor and expanded distribution channels through partnerships with Vuulr and Insight TV. The global film and video market is projected to reach $410.6 billion by 2030.
Liquid Media Group Ltd. (Nasdaq: YVR) has received a 180-day extension to comply with Nasdaq's minimum bid price requirement. Initially notified on March 1, 2022, Liquid was required to meet the $1.00 bid price by August 29, 2022. The new deadline allows compliance if the bid price remains at or above $1.00 for 10 consecutive trading days before February 27, 2023. The company plans to monitor its share price closely and will take necessary actions to regain compliance.
