sur 1933 Industries Inc. (NASDAQ:TGIFF)
1933 Industries Faces Delay in Filing Financial Statements
1933 Industries Inc., a Nevada-based cannabis cultivator, announced a delay in filing its audited financial statements for the year ending July 31, 2024. The British Columbia Securities Commission granted a management cease trade order (MCTO) on November 29, 2024, preventing senior management from trading the company's securities until filings are complete.
The company expects to miss the upcoming January 27, 2025, filing deadline and anticipates a Cease Trade Order. However, they aim to finalize the reports by February 2025. There have been no material changes disclosed since their previous announcement, and they do not face insolvency.
The delay affects the Q1 2025 financial report, contingent on the completion of the audited filings. Despite these challenges, the company's product line under the Alternative Medicine Association (AMA) brand has shown positive market performance.
R. E.
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