ZOGLO'S INCREDIBLE FOOD LATE TO FILE
Zoglo's Incredible Food Corp.'s annual financial statements for the year ended Dec. 31,
2021, including the related management discussion and analysis, and chief executive officer and chief financial officer certifications, were not filed by the required filing
deadline of May 2, 2022.
The annual financial filings were not filed on or before the filing deadline due to the nature of
the business of the company, the location of the company's subsidiaries and the COVID-19
pandemic. The company has been advised by its auditor, Baker Tilly Canada Cooperative, that
it needs more time to complete the audit. The company is working on the steps required to
complete the annual financial filings and expects to be able to file the annual financial filings
by May 13, 2022. The company will provide updates as further information relating to the
annual financial filings becomes available.
The company was informed by the Ontario Securities Commission that it was not
eligible for a management cease trade order under National Policy 12-302, Cease Trade Orders
for Continuous Disclosure Defaults, and, accordingly, the OSC issued a failure-to-file cease trade
order (CTO) under National Policy 11-207, Failure-to-File Cease Trade Orders and Revocations
in Multiple Jurisdictions, affecting all the company's securities following the deadline.
The company confirms as of the date of this news release that there is no insolvency
proceeding against it and there is no other material information concerning the affairs of the
company that has not been generally disclosed.
About Zoglo's Incredible Food Corp.
Zoglo's Incredible Food is a publicly traded plant-based food company that offers
nutrient-rich, plant-based appetizers, veggies and meat substitutes to fulfill consumers' needs
for all occasions and cooking requirements. The company's wholly owned subsidiary, Zoglo's
Incredible Food Inc., currently offers 14 products through its Traditional Green Box product line
and aims to offer 12 innovative products for the mainstream market through its new Zoglo's
Incredible Black Box product line. Over the past 25 years, Zoglo's products have been in
distribution in over 1,300 retail stores across Canada, including Walmart, Shoppers Drug Mart,
Sobeys and Loblaws, and has representation in the United States and Europe. The company
trades on the Canadian Securities Exchange under the ticker ZOG and on the Frankfurt Stock
Exchange under the ticker 7UT.
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