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Blender Bites Ltd
Symbol BITE
Shares Issued 10,918,464
Close 2025-02-14 C$ 0.40
Market Cap C$ 4,367,386
Recent Sedar Documents

Blender Bites to be late to file fiscal 2024 results

2025-02-15 04:13 ET - News Release

Ms. Chelsie Hodge reports

BLENDER BITES LIMITED ANNOUNCES DELAY OF FILINGS

Blender Bites Ltd. anticipates a delay in filing its financial statements for the period ended Oct. 31, 2024, the related management's discussion and analysis, and chief executive officer and chief financial officer certifications, which are required to be filed on or before Feb. 28, 2025. The expected delay in filing the required filings is due to the company's former auditor, GreenGrowth CPAs, resigning as the auditor of the company on its own initiative on July 10, 2024, and the company's new auditor not being appointed until Oct. 31, 2024, as well as the resignation of the company's former CFO on Feb. 13, 2025.

Accordingly, the company has applied to the B.C. Securities Commission, the company's principal securities regulator in Canada, for the issuance of a management cease trade order under the provisions of National Policy 12-203 (Management Cease Trade Orders) to be granted in connection with the late filing of the required filings, so as to permit the continued trading in the company's common shares by persons other than the company's chief executive officer, interim chief financial officer, and such other directors, officers and persons as determined by the applicable regulatory authorities. There is no guarantee that an MCTO will be granted. However, if an MCTO is granted, the company expects to file the annual filings on or before April 28, 2025.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in Section 10 of NP 12-203 and issue biweekly default status reports for so long as it remains in default of the requirement to file the required filings. The company has not taken any steps toward any insolvency proceeding, and the company has no material information to release to the public. The company has made the foregoing representations in accordance with the requirements of applicable securities laws.

About Blender Bites Ltd.

Blender Bites is a multiaward-winning Canadian company involved in the development and marketing of a line of premium frozen beverage products with a focus on functionality. Blender Bites was founded in 2017 and quickly became a leader in the easy smoothie category in North America. With a focus on better-for-you ingredients and convenience, the company is proud to be preportioned without the use of any inner plastic packaging. Blender Bites products are certified organic, non-genetically modified, gluten free, dairy free and soy free, and contain functional ingredients such as whole food vitamins, collagen and probiotics. Blender Bites one-step smoothies and one-step frappes are distributed across Canada and the United States, and are currently sold in over 7,000 stores, including Walmart, Albertsons, HEB, Whole Foods and Publix.

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