NextGen Food Robotics Corp - NGRBF STOCK NEWS

Welcome to our dedicated page for NextGen Food Robotics news (Ticker: NGRBF), a resource for investors and traders seeking the latest updates and insights on NextGen Food Robotics stock.

NextGen Food Robotics Corp. is a company focused on automated robotic food co-packing and manufacturing. They are known for modernizing food manufacturing processes using technology. In addition, NextGen is developing the 'Lily app', an AI-powered food application. The company recently filed amended and restated interim financial statements, showing improved working capital and reduced losses for certain periods. With a strong financial position and innovative projects, NextGen is poised for growth and success in the food industry.

10/08/2024 05:01 PM

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NextGen Food Robotics Corp. Provides Bi-Weekly MCTO Status Update

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NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) has provided an update on its Management Cease Trade Order (MCTO) status. The company, which initially expected to file its Required Documents by August 31, 2024, has now extended the anticipated filing date to November 1, 2024. This includes audited annual financial statements, management discussion and analysis, CEO and CFO certificates, and the annual information form for the fiscal year ended April 30, 2024.

Additionally, the Q1 Interim Report for the quarter ended July 31, 2024, originally due on September 16, 2024, is now also expected to be filed by November 1, 2024. The company confirms compliance with alternative information guidelines and states no material changes or defaults other than those disclosed.

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09/24/2024 06:48 PM

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NextGen Food Robotics Corp. Provides Bi-Weekly MCTO Status Update

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NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF; Frankfurt: O83) has provided a bi-weekly status update regarding its Management Cease Trade Order (MCTO). The company is delaying the filing of its required financial documents for the fiscal year ended April 30, 2024, and the first quarter of 2024. Initially expected to file by August 31, 2024, the company has revised its filing date multiple times, with the latest expectation set for October 11, 2024.

The MCTO, issued on July 30, 2024, restricts the CEO and CFO from trading company securities until the required documents are filed and the British Columbia Securities Commission revokes the order. The company affirms its commitment to satisfying alternative information guidelines and states that no material information remains undisclosed.

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09/12/2024 05:00 PM

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NextGen Food Robotics Corp. Provides Second Bi-Weekly MCTO Status Update

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NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF; Frankfurt: O83) has provided its second bi-weekly status update regarding the Management Cease Trade Order (MCTO) issued on July 30, 2024. The company is delaying the filing of its annual financial documents for the fiscal year ended April 30, 2024. Initially expecting to file by August 31, 2024, then by September 16, 2024, the company now anticipates filing by September 27, 2024.

The delay is due to the auditors requiring detailed financial information from a third-party service provider, which the company cannot access or compel the third party to provide. The MCTO restricts the CEO and CFO from trading company securities until the required documents are filed and the British Columbia Securities Commission revokes the order.

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08/27/2024 05:01 PM

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NextGen Food Robotics Corp. Provides Bi-Weekly MCTO Status Update

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NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) has provided a bi-weekly status update regarding its Management Cease Trade Order (MCTO). The company is delayed in filing its annual financial documents for the fiscal year ended April 30, 2024. Initially expecting to file by August 31, 2024, the company now anticipates filing by September 16, 2024. The MCTO, issued on July 30, 2024, restricts the CEO and CFO from trading company securities until the required documents are filed and the MCTO is revoked by the British Columbia Securities Commission. NextGen Food Robotics confirms compliance with alternative information guidelines and states no material changes or additional defaults have occurred since the original announcement.

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06/03/2024 06:39 PM

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NextGen Food Robotics Files Amended Interim MD&A

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NextGen Food Robotics Corp. has amended and re-filed its management discussion and analysis (MD&A) for the periods ending January 31, 2024. This update includes detailed information on company operations, manufacturing equipment, leased facilities, and marketing expenses. The amended MD&A also covers the development and costs associated with the Lily App and provides a comparison of the intended versus actual use of proceeds from private placements. Importantly, these updates do not affect the company's financial position. Additionally, NextGen has temporarily taken down its website for updates to reflect its current operations and has identified and acted against a fraudulent website impersonating its official site.

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05/14/2024 05:40 PM

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NextGen Food Robotics Announces Grant of Incentive Awards

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NextGen Food Robotics announced the grant of 2,527,775 restricted share units (RSUs) to its CEO, Paul Rivas, as part of its equity incentive plan. These RSUs will vest in three equal installments over the next 18 months. The grant is categorized as a 'related party transaction' but is exempt from certain formal valuation and minority approval requirements under Multilateral Instrument 61-101. The company cited urgent business reasons for not filing the material change report 21 days prior to the grant.

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05/01/2024 07:35 PM

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NextGen Food Robotics to File Amended Interim MD&A

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NextGen Food Robotics Corp. (NGRBF) plans to file an Amended Interim Management's Discussion and Analysis (MD&A) following a review by the British Columbia Securities Commission. The amended report will provide updated information on the company's operations, revenues, equipment, leased facilities, marketing expenses, and the development of the Lily App. The changes aim to enhance the disclosure in the original MD&A without impacting the company's financial position.

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03/18/2024 04:50 PM

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NextGen Food Robotics Files Amended and Restated Interim Financial Statements and Management Discussions & Analyses

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NextGen Food Robotics Corp. (NGRBF) announces amended financial statements for the three and six months ended July 31, 2023, and October 31, 2023, showing increased current assets, decreased net loss, and improved working capital.

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02/29/2024 09:30 AM

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NextGen Food Robotics Provides Update on its AI-Powered Food Ordering Application, Lily

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NextGen Food Robotics Corp. completes the first production version of its generative-AI powered food delivery and chatbot application, Lily, and submits it to the Apple App Store. The company aims to revolutionize food ordering and delivery using advanced AI technology. Lily's submission marks the beginning of NextGen's plans for continuous updates and improvements in the food industry.

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12/18/2023 03:30 AM

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NextGen Acquires Commissary Kitchen Facility

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NextGen Food Robotics Corp. (NEO: NGRB; OTC Pink: NGRBF; Frankfurt: O83) has acquired a 10,000 sq. ft. commissary facility in central Vancouver for $550,000, including equipment and cold storage. The CEO, Paul Rivas, is optimistic about the expansion of their commissary division, aiming to support startups, entrepreneurs, ghost kitchens, and small food manufacturers.

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FAQ

What is the current stock price of NextGen Food Robotics (NGRBF)?

The current stock price of NextGen Food Robotics (NGRBF) is $0.032 as of February 28, 2025.

What is the market cap of NextGen Food Robotics (NGRBF)?

The market cap of NextGen Food Robotics (NGRBF) is approximately 1.5M.

What is NextGen Food Robotics Corp. known for?

NextGen is renowned for its focus on automated robotic food co-packing and manufacturing, utilizing technology to modernize processes.

What is the 'Lily app' developed by NextGen?

The 'Lily app' is an AI-powered food application being developed by NextGen, showcasing their innovative approach to the food industry.

What recent financial updates has NextGen announced?

NextGen recently filed amended and restated interim financial statements, indicating improved working capital and reduced losses for specific periods.

How is NextGen positioned in terms of financial strength?

With increased working capital and decreased losses, NextGen is in a strong financial position, poised for growth.

What sets NextGen apart in the food industry?

NextGen's use of technology to modernize food manufacturing processes and its innovative projects like the 'Lily app' distinguish it in the food industry.

How can investors get in touch with NextGen Food Robotics Corp.?

For investor inquiries or further information, contact Paul Rivas, the Chief Executive Officer, at 1 (236) 471-1357 or via email at info@nextgenai.ca.

What cautionary note is mentioned in NextGen's press release?

The press release includes a cautionary note on forward-looking information, advising investors to consider the inherent risks and uncertainties associated with such statements.

Where can investors find the Amended Financial Statements of NextGen?

The Amended Financial Statements are available on SEDAR+ at www.sedarplus.ca for reference.

What recent announcement did NextGen make regarding their CEO?

NextGen granted an aggregate of 2,527,775 restricted share units (RSUs) to their CEO, Paul Rivas, as compensation for ongoing services. Each RSU will allow Mr. Rivas to acquire one common share of the company.

What steps has NextGen taken to clarify certain disclosures?

NextGen has issued press releases to clarify certain disclosure aspects and provide a more detailed discussion of their operations and related matters.

What cautionary note should investors consider in relation to NextGen?

Investors should note the cautionary statements in NextGen's press releases, emphasizing the need to understand the risks and uncertainties associated with forward-looking information.

What recent updates have NextGen made to their official website?

NextGen has temporarily taken down its website, www.nextgenai.ca, to update information and content, reflecting their current business operations more accurately and correcting typographical errors.

What should investors be aware of regarding a domain similar to NextGen's website?

Investors should be cautious of a fraudulent website located at www.nextgenfoodrobotics.net, which is not associated with NextGen. The company has taken steps to have the fraudulent website removed.

What action has NextGen taken in response to the fraudulent website?

NextGen has submitted a take-down request to the hosting provider of the fraudulent website to have it removed.

What updates have been made to the management discussion and analysis of NextGen?

NextGen has amended and re-filed the management discussion and analysis for specific periods to provide readers with a more detailed discussion of the company's operations and related matters.

What emphasis does NextGen place on compliance with regulatory requirements?

NextGen ensures compliance with regulatory requirements by providing detailed disclosures and updates to documents like the management discussion and analysis.

What updates can be found in the Amended MD&A released by NextGen?

The Amended MD&A includes enhancements and updates on various aspects of NextGen's operations, equipment, machinery, leased facilities, marketing expenses, and the development of the Lily App.

How does NextGen aim to provide accurate and detailed information to stakeholders?

By issuing press releases and providing detailed disclosures like the Amended MD&A, NextGen aims to offer stakeholders accurate and detailed information about the company's operations and related matters.

What is the purpose of releasing Amended MD&A by NextGen?

NextGen releases Amended MD&A to enhance and update the discussions provided in the original documents, ensuring stakeholders have access to more detailed information.

What impact do the updates in the Amended MD&A have on NextGen's financial position?

The updates included in the Amended MD&A do not affect NextGen's financial position, but they ensure compliance and provide stakeholders with more detailed discussions of the company's operations and related matters.

What steps should investors take in response to the updates provided by NextGen?

Investors should review the Amended MD&A and other disclosure documents issued by NextGen to understand the updates and changes made to the company's reports.

What recourse do investors have if discrepancies are identified in corporate disclosures?

If investors identify discrepancies or have questions regarding corporate disclosures, they can contact NextGen directly for further clarification and information.

How does NextGen demonstrate transparency and accountability to stakeholders through its disclosures?

By making detailed disclosures like the Amended MD&A and issuing press releases to clarify certain aspects of the company's operations, NextGen demonstrates transparency and accountability to stakeholders.

What is the significance of the RSU Grant announced by NextGen for their CEO?

The RSU Grant allows Mr. Rivas, the CEO of NextGen, to acquire common shares of the company as compensation for ongoing services, showcasing the alignment of incentives and rewards for executives.

What exemption clauses did NextGen rely on for the RSU Grant?

NextGen relied on specific exemption clauses from the formal valuation requirement and minority approval requirements as defined in Multilateral Instrument 61-101 in relation to the RSU Grant, considering the fair market value of the subject matter and consideration involved.

What action did NextGen take regarding the timing of the material change report for the RSU Grant?

NextGen granted the RSUs shortly before the issuance of the news release, ensuring sound business reasons for the timing. The material change report was filed as soon as possible following the grant.

How does NextGen ensure transparency in related party transactions like the RSU Grant?

NextGen ensures transparency in related party transactions like the RSU Grant by relying on specific exemption clauses and disclosing the details of the grant in press releases and corporate disclosure documents.

What impact do the RSUs have on the CEO's compensation and incentives?

The RSUs granted to the CEO, Mr. Rivas, provide him with the opportunity to acquire common shares of the company as part of his compensation, aligning his incentives with the company's performance and growth.

What are the expected vesting terms for the RSUs granted to the CEO of NextGen?

Each RSU granted to the CEO will vest in three equal installments on the dates that are 4, 12, and 18 months following the grant date, providing a structured approach to the acquisition of common shares.

What steps should investors take in response to the RSU Grant announcement?

Investors should review the details of the RSU Grant and consider the implications for the CEO's compensation, aligning incentives with the company's performance and growth.

How does NextGen address potential concerns related to the RSU Grant as a related party transaction?

NextGen addresses potential concerns related to the RSU Grant by relying on specific exemption clauses, ensuring compliance with regulatory requirements, and disclosing the details of the grant in press releases and corporate disclosure documents.

How does NextGen demonstrate adherence to regulatory requirements in related party transactions?

NextGen demonstrates adherence to regulatory requirements in related party transactions by disclosing details of the RSU Grant, relying on exemption clauses, and ensuring transparency and compliance with applicable laws.

What steps should investors take to understand the implications of the RSU Grant for NextGen?

Investors should review the details of the RSU Grant, understand the terms of vesting and acquisition of common shares, and consider the impact on the CEO's compensation and incentives in relation to the company's performance and growth.

What significance does the RSU Grant hold for the CEO of NextGen in terms of compensation?

The RSU Grant holds significance for the CEO of NextGen in terms of compensation, providing him with the opportunity to acquire common shares of the company based on the vesting terms and performance criteria.

How does NextGen ensure transparency and fairness in related party transactions like the RSU Grant?

NextGen ensures transparency and fairness in related party transactions like the RSU Grant by disclosing details in press releases and corporate disclosure documents, relying on specific exemption clauses, and adhering to regulatory requirements.

What steps should investors take to assess the impact of the RSU Grant on NextGen's operations and executive compensation?

Investors should review the details of the RSU Grant, understand its implications for the CEO's compensation and incentives, and consider the alignment of rewards with the company's performance and growth.

How does NextGen aim to align the CEO's incentives with the company's performance through the RSU Grant?

NextGen aligns the CEO's incentives with the company's performance and growth by granting RSUs that allow him to acquire common shares based on the vesting terms and performance criteria.

What steps should investors take to understand the terms and conditions of the RSU Grant and its impact on NextGen's operations?

Investors should review the details of the RSU Grant, assess the terms and conditions for vesting and acquisition of common shares, and consider the implications for the CEO's compensation and incentives in relation to the company's performance and growth.