Mr. Michael Mills reports
BODY AND MIND ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS
Body and Mind Inc.'s annual financial statements for the year ended July 31, 2020, including the related management discussion and analysis, and chief executive officer and chief financial officer certifications, were not filed as required under Canadian securities legislation by the required filing deadline of Nov. 30, 2020.
In discussion with its auditors, the company has determined that it is not able to meet the Nov. 30, 2020, filing deadline under Canadian securities legislation for the 2020 annual financial filings. Although the audit process is progressing, the auditors anticipate some delays in completing the audit process, such that the company is not able to meet the filing deadline for the 2020 annual financial filings.
The company has applied to the applicable Canadian securities regulatory authorities and received a management cease trade order related to the company's securities to be imposed against the CEO and CFO of the company to trade securities of the company. The management cease trade order will be in effect until the 2020 annual financial filings are filed and requires that the 2020 annual financial filings be filed on or around Dec. 9, 2020.
Until the 2020 annual financial filings are filed, the company intends to provide information in accordance with National Policy 12-203 -- Management Cease Trade Orders.
About Body and Mind Inc.
Body and Mind is a debt-free multistate operator investing in high-quality medical and recreational cannabis cultivation, production and retail. Body and Mind's wholly owned Nevada subsidiary was awarded one of the first medical marijuana cultivation licences, and holds cultivation and production licences. Body and Mind products include dried flower, edibles, oils and extracts, as well as GPEN Gio cartridges. Body and Mind cannabis strains have won numerous awards including the 2019 Las Vegas Weekly Bud Bracket, Las Vegas Hempfest Cup 2016, High Times Top Ten, the NorCal Secret Cup and the Emerald Cup.
Body and Mind continues to expand operations in Nevada, California, Arkansas and Ohio, and is dedicated to increasing shareholder value by focusing time and resources on improving operational efficiencies, facility expansions, pursuing state licensing opportunities, and mergers and acquisitions.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.