Nepra Foods Announces Delay In Filing Annual Financial Statements
Nepra Foods Inc. (CSE:NPRA, OTC Pink:NPRFF) has announced a delay in filing its annual financial statements for the year ended March 31, 2024. The company missed the required filing deadline of July 29, 2024, due to capacity issues with its auditor. These issues stemmed from the company's previous focus on completing outstanding filings, which were submitted on May 1, 2024.
Nepra Foods expects to file the Annual Filings by August 29, 2024. In response to the delay, the company has received a management cease trade order against its CEO and CFO. Nepra Foods commits to providing bi-weekly status updates in accordance with National Policy 12-203 until the Annual Filings are submitted.
Nepra Foods Inc. (CSE:NPRA, OTC Pink:NPRFF) ha annunciato un ritardo nella presentazione dei suoi bilanci annuali per l'anno conclusosi il 31 marzo 2024. L'azienda ha perso la scadenza di presentazione richiesta per il 29 luglio 2024, a causa di problemi di capacità con il proprio revisore. Questi problemi derivano dal precedente impegno dell'azienda nel completare le pratiche pendenti, che sono state presentate il 1 maggio 2024.
Nepra Foods prevede di presentare le pratiche annuali entro il 29 agosto 2024. In risposta al ritardo, l'azienda ha ricevuto un'ordinanza di cessazione del commercio gestionale contro il proprio CEO e CFO. Nepra Foods si impegna a fornire aggiornamenti bi-settimanali in conformità con la Politica Nazionale 12-203 fino alla presentazione delle pratiche annuali.
Nepra Foods Inc. (CSE:NPRA, OTC Pink:NPRFF) ha anunciado un retraso en la presentación de sus estados financieros anuales para el año que finalizó el 31 de marzo de 2024. La empresa no cumplió con la fecha límite de presentación requerida del 29 de julio de 2024, debido a problemas de capacidad con su auditor. Estos problemas surgieron por el enfoque previo de la empresa en completar las presentaciones pendientes, que fueron enviadas el 1 de mayo de 2024.
Nepra Foods espera presentar las Declaraciones Anuales para el 29 de agosto de 2024. En respuesta al retraso, la empresa ha recibido una orden de cese de comercio de gestión contra su CEO y CFO. Nepra Foods se compromete a proporcionar actualizaciones de estado quincenales de acuerdo con la Política Nacional 12-203 hasta que se presenten las Declaraciones Anuales.
네프라 푸드(Nepra Foods Inc.) (CSE:NPRA, OTC Pink:NPRFF)는 2024년 3월 31일 종료된 연간 재무 제표 제출 지연을 발표했습니다. 이 회사는 감사인의 용량 문제로 인해 2024년 7월 29일 제출 마감일을 놓쳤습니다. 이러한 문제는 회사가 2024년 5월 1일에 제출한 미제출 서류를 완료하기 위해 이전에 집중한 것에서 비롯되었습니다.
네프라 푸드는 2024년 8월 29일까지 연간 재무 제표를 제출할 것으로 예상하고 있습니다. 지연에 대응하여 회사는 CEO와 CFO에 대한 관리 중지 거래 명령을 받았습니다. 네프라 푸드는 연간 재무 제표가 제출될 때까지 12-203 국가 정책에 따라 격주로 현황 업데이트를 제공할 것을 약속합니다.
Nepra Foods Inc. (CSE:NPRA, OTC Pink:NPRFF) a annoncé un retard dans le dépôt de ses états financiers annuels pour l'exercice terminé le 31 mars 2024. L'entreprise a manqué la date limite de dépôt requise du 29 juillet 2024 en raison de problèmes de capacité auprès de son auditeur. Ces problèmes découlaient de l'accent mis auparavant par l'entreprise sur la finalisation des dépôts en attente, qui ont été soumis le 1er mai 2024.
Nepra Foods s'attend à déposer les Dossiers Annuels d'ici le 29 août 2024. En réponse au retard, l'entreprise a reçu une ordonnance de cessation de commerce de la direction contre son PDG et son CFO. Nepra Foods s'engage à fournir des mises à jour bimensuelles sur l'état des choses conformément à la Politique Nationale 12-203 jusqu'à ce que les Dossiers Annuels soient soumis.
Nepra Foods Inc. (CSE:NPRA, OTC Pink:NPRFF) hat eine Verzögerung bei der Einreichung seiner jährlichen Finanzberichte für das am 31. März 2024 endende Jahr bekannt gegeben. Das Unternehmen hat die erforderliche Einreichungsfrist vom 29. Juli 2024 aufgrund von Kapazitätsproblemen mit seinem Prüfer verpasst. Diese Probleme resultierten aus dem vorherigen Fokus des Unternehmens auf die Erledigung ausstehender Einreichungen, die am 1. Mai 2024 eingereicht wurden.
Nepra Foods plant, die Jahresunterlagen bis zum 29. August 2024 einzureichen. Als Reaktion auf die Verzögerung erhielt das Unternehmen eine Handelsstoppsanordnung gegen seinen CEO und CFO. Nepra Foods verpflichtet sich, bis zur Einreichung der Jahresunterlagen alle zwei Wochen Statusupdates gemäß der National Policy 12-203 bereitzustellen.
- Company successfully filed previously outstanding filings on May 1, 2024
- Management proactively applied for and received a management cease trade order
- Missed the July 29, 2024 deadline for filing annual financial statements
- Delay in financial reporting due to auditor capacity issues
- Management cease trade order imposed on CEO and CFO
VANCOUVER, BC / ACCESSWIRE / July 30, 2024 / Nepra Foods Inc. (CSE:NPRA)(FSE:2P6)(OTC Pink:NPRFF) ("Nepra Foods" or the "Company"), wishes to announce that its annual financial statements for the year ended March 31, 2024, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Filings") has not been filed as required under Canadian securities legislation by the required filing deadline of July 29, 2024 (the "Filing Deadline").
The Company is working diligently with its accounting staff and external auditors to file the Annual Filings as soon as practicable; however, the Annual Filings were not filed before the Filing Deadline due to certain capacity issues with the Company's auditor substantially derived from the Company's prior focus on completing the Company's previously outstanding filings, which were filed on May 1, 2024, which resulted in a later initiation of the auditor's audit procedures in connection with the Annual Filings. The Company currently expects to be able to file the Annual Filings on or before August 29, 2024.
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 Chief Executive Officer and Chief Financial Officer of the Company to trade securities of the Company. The management cease trade order will be in effect until the Annual Filings are filed and requires that the Annual Financial Filings be filed on or before August 29, 2024.
Until the Annual Filings are filed, the Company intends to provide information in accordance with National Policy 12-203 Management Cease Trade Orders for as long as the Annual Filings remain outstanding, including the issuance of bi-weekly default status reports in the form of a news release, if applicable.
About Nepra Foods Inc.
Nepra Foods is specialty food company focused on innovative and proprietary allergen and gluten-free food ingredient technologies. The company supports food manufactures globally with formulations, ingredients and technical support for the production of the next generation of healthy, nutritious foods. For more information on the company, visit www.neprafoods.com.
ON BEHALF OF THE BOARD OF DIRECTORS
David Wood, Chief Operating Officer and Interim CFO
investors@neprafoods.com
Investor Relations Toll-free (844) 566-1917
The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include, without limitation, statements related to the timing and completion of the Annual Filings and other statements regarding the future developments and the business and options of the Company. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company's financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.
SOURCE: Nepra Foods Inc.
View the original press release on accesswire.com
FAQ
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