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12:26:48 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Greenrise Global Brands Inc
Symbol XCX
Shares Issued 45,536,039
Close 2023-06-21 C$ 0.01
Market Cap C$ 455,360
Recent Sedar Documents

Greenrise still working on late 2022 financials

2023-06-27 19:29 ET - News Release

Subject: Please Disseminate Immediately (CSE:XCX) Word Document File: '\\swfile\EmailIn\20230627 160502 Attachment MCTO.News Release_report_#4_27jun23.DOCX' 2 {00395412.1} Greenrise Provides MCTO Status Update Vancouver, Canada - June 27th, 2023, Greenrise Global Brands Inc. (Frankfurt: C4T, ISIN: CA39540L1085) (CSE: XCX) ("Greenrise" or the "Company") provides its fourth default status report in accordance with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders ("National Policy 12-203"). As previously announced on May 2, May 16, May 30 and June 13, 2023 (together, the "Default Announcement"), the Company was granted a management cease trade order (the "MCTO") by the British Columbia Securities Commission due to a delay in filing the Company's annual financial statements, management's discussion and analysis and related officer certifications for the financial year ended December 31, 2022 ("Annual Filings"). In addition to the late filing of the Required Documents, the Company has not filed its annual information form for the year ended December 31, 2022, interim financial statements, management's discussion and analysis and related certifications the three-month financial period ended March 31, 2023 (the "Additional Disclosure Documents"). The Company expects to file the Additional Disclosure Documents concurrently with the filing of the Required Documents as soon as it obtained the necessary approvals, subject to further unforeseen delays. Greenrise expects to file the Annual Filings on or before June 30, 2023, and will issue a news release announcing completion of such filings at such time. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in National Policy 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports by way of a news release and the Company's chief executive officer and chief financial officer will not be able to trade in the Company's shares. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. About Greenrise Global Brands Inc. Greenrise is a Canadian publicly traded investment holding company. For more information, please visit: www.greenriseglobal.com GREENRISE CONTACT: Mr. Tom Kusumoto, Interim CEO and CFO greenriseglobal@gmail.com Forward-Looking Information: This press release contains certain forward-looking information that reflects the current views and/or expectations of the Company with respect to its performance, business and future events, including, without limitation, without limitation, statements relating to the timing and completion of necessary accounting and review procedures to complete the Annual Filings. Statements constituting forward-looking information are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking information involves risks and uncertainties, including: that the Company will be subject to additional delays in the filing of its Annual Filings, which could result in additional sanctioning action by applicable securities regulators; and other risks and uncertainties listed in the Company's public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking information, which is qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Greenrise Global Brands Inc.

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