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ParcelPal Logistics Inc (PTNYF) delivers innovative last-mile solutions and logistics services across North America, serving healthcare, retail, and technology sectors. This news hub provides investors with timely updates on corporate developments, financial performance, and strategic initiatives shaping the company's growth.
Access official press releases covering earnings reports, partnership announcements, and operational expansions. Track ParcelPal's diversification into data center hosting and antminer operations through verified updates about utility collaborations and infrastructure developments.
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ParcelPal Logistics provides an update on the status of their management cease trade order (MCTO) issued by the British Columbia Securities Commission on May 1, 2024. The MCTO was requested to grant ParcelPal additional time to file its audited annual financial statements and related management's discussion for the fiscal year ended December 31, 2023, which were initially due on April 29, 2024.
Due to the previous auditor BF Borgers being terminated and suspended by regulatory boards, a full two-year audit is necessary. This delay has also impacted the timely completion of the interim financial statements for the three months ended March 31, 2024. The company now anticipates filing these reports by August 31, 2024, rather than the originally projected date of June 28, 2024.
The MCTO restricts trading by the company's CEO and CFO but does not impact other shareholders. ParcelPal confirms no material changes or undisclosed information other than those stated and will continue to issue bi-weekly updates until the required filings are completed.
ParcelPal Logistics (OTC Pink: PTNYF) has provided an update on its management cease trade order (MCTO) application, initially announced on April 16, 2024. The British Columbia Securities Commission granted the MCTO on May 1, 2024, due to delays in filing audited annual financial statements for the fiscal year ended December 31, 2023, and interim financial statements for the three months ended March 31, 2024. These delays stem from the termination of the company's previous auditor, BF Borgers, by regulatory bodies, necessitating a full two-year audit by new auditors. ParcelPal aims to complete the filings by August 31, 2024. The MCTO restricts trading by the CEO and CFO but does not affect other shareholders.
ParcelPal Logistics has provided an update on the management cease trade order (MCTO) applied for on April 16, 2024, and issued by the British Columbia Securities Commission on May 1, 2024.
The MCTO prohibits trading by the company's CEO and CFO until the delayed audited annual financial statements for the fiscal year ending December 31, 2023, and related documents, are filed.
This delay also affects the timely completion of the interim financial statements for the three months ending March 31, 2024.
The company and its new auditors are working diligently to complete these filings by June 28, 2024. Meanwhile, ParcelPal will issue bi-weekly updates until the filings are completed and the MCTO is lifted.
ParcelPal Logistics has announced a change in its auditor, from BF Borgers CPA to Turner, Stone & Company. This decision was approved by the Board on May 13, 2024. This change occurred without any disagreements on accounting principles between the company and the former auditor. The new auditors will serve for the fiscal year ending December 31, 2023.
The company also provided an update on its Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission on May 1, 2024. The MCTO restricts trading by the company's CEO and CFO but does not affect other shareholders. The company initially aimed to complete its required filings by June 10, 2024, but has extended this deadline to June 28, 2024, to ensure accurate and complete submissions.
ParcelPal will continue to issue bi-weekly updates on its filing status as required under National Policy 12-203.
