00:36:27 EDT Fri 29 Mar 2024
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or Name
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CA



GLG Life Tech Corp (2)
Symbol GLG
Shares Issued 38,394,223
Close 2020-05-29 C$ 0.19
Market Cap C$ 7,294,902
Recent Sedar Documents

GLG Life Tech has no material changes

2020-06-01 06:35 ET - News Release

Mr. Simon Springett reports

GLG LIFE TECH CORPORATION PROVIDES UPDATE ON DELAY IN YEAR-END FILINGS

GLG Life Tech Corp. has provided an update with respect to the management cease trade order (MCTO) issued by the B.C. Securities Commission on May 15, 2020. The MCTO was issued in connection with the delay by the company in filing its annual financial statements in respect of its year ended Dec. 31, 2019, its management discussion and analysis relating to its annual financial statements, its annual information form and the chief executive officer and chief financial officer certifications.

The company continues to work closely with its auditor and continues to expect to file the required documents no later than its previously disclosed date of June 12, 2020. The completion of the required documents was delayed by the Chinese-government-mandated temporary shutdown of businesses, including the company's manufacturing subsidiaries, and mandatory travel restrictions and quarantine periods earlier this year.

The company is providing this status update in accordance with National Policy 12-203 -- Management Cease Trade Orders. The company intends to follow the provisions of the alternative information guidelines set out in NP 12-203, including the issuance of biweekly default status reports in the form of news releases, for as long as the company remains in default. The company confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued May 15, 2020, and there is no other material information concerning the affairs of the company that has not been generally disclosed.

About GLG Life Tech Corp.

GLG Life Tech is a global leader in the supply of high-purity zero-calorie natural sweeteners, including stevia and monk fruit extracts used in food and beverages. GLG's vertically integrated operations, which incorporate the company's fairness to farmers program and emphasize sustainability throughout, cover each step in the stevia and monk fruit supply chains, including non-GMO (non-genetically modified organism) seed and seedling breeding, natural propagation, growth and harvest, proprietary extraction and refining, and marketing and distribution of the finished products. Additionally, to further meet the varied needs of the food and beverage industry, GLG, through its Naturals+ product line, supplies a host of complementary ingredients reliably sourced through its supplier network in China.

We seek Safe Harbor.

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