Nass Valley Gateway Ltd Announces It Will File Its 2020 EOY Audited Financials by Approximately May 18th, 2021, Well Within the Extension Granted by the BCSC

Rhea-AI Summary

Nass Valley Gateway Ltd (CSE:NVG) (OTC:NSVGF) has announced a delay in filing its EOY 2020 Financials and related reports due to COVID-19 impacting confirmation documents to their auditor. The company expects to resolve this issue by May 18, 2021, within the BCSC extension period. During this time, it will provide bi-weekly updates and enforce a management trading black-out. No material changes were reported, and the company remains committed to transparency.

Positive

• Management is confident in meeting the filing requirements by May 18, 2021.
• The company will provide bi-weekly updates to maintain transparency with investors.

Negative

• The delay in filing financial documents may raise investor concerns.

Vancouver, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Nass Valley Gateway Ltd (CSE:NVG) (OTC:NSVGF) (FSE:3NVN) (the “Company”), and its management announce due to unforeseen delays in providing confirmation documents to its auditor (Manning Elliott LLP) resulting from COVID-19, it will be in default of the specific filing requirement. Management and its auditor are confident they will remedy the specific requirement by filing EOY 2020 Financials, MD&A report and all attending certifications by approximately May 18th, 2021, and well within the extension provided by the BCSC. 

Management will satisfy the alternative information guidelines by publishing bi-weekly updates until the filing is completed.

Management will also comply with a management trading black-out until the filings have been completed within the extension. This black-out only restricts management and insiders, but not trading by the public.

There are no material changes or other items to report at this time.

ABOUT NASS VALLEY GATEWAY LTD. 

Nass Valley Gateway Ltd. (CSE: NVG.CN) (OTC: NSVGF) (FSE: 3NVN)

Nass Valley Gateway LTD (NVG) is a publicly traded company on the CSE. In late 2018, Nass Valley Gateway agreed to merge with Advanced Bioceuticals Limited, a New Jersey LLC focused on the sales and distribution of made from organic hemp, non-GMO, CBD products. NVG CBD products will be sold under the "Nass Valley Gardens" brand via retail, wholesale, direct sales, and digital sales channels. NVG’s products target the general wellness, pain remediation, dermatology, sleep-aid, anti-aging, and beauty markets.

We seek Safe Harbor.

Neither the CSE nor its Regulation Services Provider has reviewed or accepts responsibility for the adequacy or accuracy of the contents of this news release.

Company: Nass Valley Gateway Ltd.
422 Richards Street, Suite 170
V6B 2Z4 Vancouver
Canada
Phone: 609-651-0032
E-mail: michael.s@nassvalleygateway.com
Internet: www.nassvalleygateway.com

FAQ

What is the reason for Nass Valley Gateway's filing delay on May 5, 2021?

The company is experiencing delays in providing confirmation documents to its auditor due to COVID-19.

When does Nass Valley Gateway plan to file its financial documents?

Nass Valley Gateway expects to file its EOY 2020 Financials and reports by approximately May 18, 2021.

What measures is Nass Valley Gateway taking during the filing delay?

The company will publish bi-weekly updates and enforce a management trading black-out until the filings are complete.

Are there any material changes reported by Nass Valley Gateway in the May 5, 2021 press release?

No material changes or other items were reported at this time.

What is the stock symbol for Nass Valley Gateway?

Nass Valley Gateway is traded under the stock symbols NSVGF (OTC) and NVG (CSE).