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Koios Beverage Corp. has filed its audited annual financial statements for the year ending May 31, 2022, along with the interim financial statements for August 31, 2022, on SEDAR. The company expects the revocation of the cease trade order due to failure to file financial statements to be resolved shortly. Koios operates as a functional beverage company, distributing its products via a network of over 4,400 retail locations across the U.S. Its offerings leverage nootropics and organic compounds that promote cognitive function and overall productivity.
Koios Beverage Corp. announced a failure to file cease trade order by the British Columbia Securities Commission, preventing trading of its securities due to delays in filing financial statements related to its acquisition of Retox Beverage Corp. The company is working to complete the required documents, which it expects to finalize by January 10, 2023. Despite this setback, Koios reported continued growth and added retailers across the U.S. The cease trade order will remain in effect until all necessary filings are made.
Koios Beverage Corp. has addressed the management cease trade order (MCTO) issued by the British Columbia Securities Commission on September 29, 2022, due to delays in filing financial statements for the fiscal year ended May 31, 2022. The audit process is progressing, with updates on the timing of annual filings expected by December 20, 2022. During the MCTO, only the CEO and CFO are restricted from trading shares, while the public can continue trading. The company will issue bi-weekly status reports until compliance is achieved.
Koios Beverage Corp. updates on a management cease trade order (MCTO) from September 29, 2022, due to a delay in filing financial statements for the fiscal year ended May 31, 2022. The audit is ongoing, with a further update expected by December 15, 2022. The general public can still trade shares, but the CEO and CFO are restricted from trading. The company confirms it will continue to issue bi-weekly reports on default status until compliance is achieved.
Koios Beverage Corp. has provided an update on a management cease trade order issued by the British Columbia Securities Commission due to delays in financial filings. The audit is ongoing, and the company aims to update its Annual Filings status by November 28, 2022. Trading of common shares remains open to the public, but the CEO and CFO are restricted from trading. Koios will continue to issue bi-weekly reports until compliance with Annual Filing requirements is achieved.
Koios Beverage Corp. provided an update regarding a management cease trade order (MCTO) issued on September 29, 2022, by the British Columbia Securities Commission. The MCTO is due to delays in filing financial statements for the fiscal year ended May 31, 2022. The company confirmed the audit is ongoing and will update on the status of its Annual Filings by November 10, 2022. During the MCTO, shareholders can still trade Koios shares, although the CEO and CFO are restricted from trading. The company will continue to issue bi-weekly reports until compliance is achieved.
Koios Beverage Corp. announced updates regarding a management cease trade order (MCTO) granted by the British Columbia Securities Commission due to delays in filing financial statements for the fiscal year ended May 31, 2022. The Company is making progress on its audits and plans to update on the filing status by October 28, 2022. While the MCTO is in effect, the CEO and CFO cannot trade shares, but the general public can. Koios confirms it will continue to provide bi-weekly updates until compliance with filing requirements is achieved.
Koios Beverage Corp. has completed a non-brokered private placement, raising CAD $100,000 by issuing 2 million units at CAD $0.05 each. Each unit comprises one common share and a warrant priced at $0.075, valid for five years. The company plans to utilize the proceeds for marketing, product development, and working capital. Additionally, Koios has settled $575,000 in consulting fees by issuing 11.5 million shares at the same price. All securities are subject to a four-month hold period, reflecting ongoing financial strategy and liquidity management.
Koios Beverage Corp. announced a delay in its annual financial statements due to complexities from recent acquisitions and enhanced audit controls. The Company received a management cease trade order (MCTO) from the British Columbia Securities Commission, restricting trading for its CEO and CFO but allowing the public to continue trading shares. Koios expects to file the annual financials by October 28, 2022, while complying with alternative information guidelines during the delay. The Company operates a functional beverage business with over 4,400 retail locations in the U.S.
Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) has secured a one-year agreement with Blackbeard Beverage Company for distribution and manufacturing of its Fit Soda™ products. This partnership includes a historic order of 216 pallets valued at USD $575,000, marking the largest in the company's history. Blackbeard will distribute Fit Soda™ to over 1,000 Food Lion supermarkets in the eastern U.S. Koios CEO Chris Miller highlighted the significance of this deal, projecting a 25% increase in retail presence. Additionally, the company announced the resignation of CFO Theo van der Linde.
