Revitalist Announces Filing of Audited Financial Statements for the Year-Ended December 31, 2022 and Provides Update on Cease Trade Order
Revitalist Lifestyle and Wellness (CSE: CALM) (OTCQB: RVLWF) has filed its audited financial statements and management's discussion for the year-ended December 31, 2022. This filing follows a failure-to-file cease trade order (FFCTO) issued by the British Columbia Securities Commission on May 8, 2023, which prohibits trading of company securities in Canada.
The FFCTO allows certain exemptions for beneficial security holders who were not insiders or control persons at the time of the order to sell securities through foreign organized regulated markets. The company has changed its financial year-end from December 31 to March 31 and is working to complete unaudited financial statements for subsequent interim periods.
Revitalist Lifestyle and Wellness (CSE: CALM) (OTCQB: RVLWF) ha presentato i suoi bilanci finanziari auditati e la discussione della direzione per l'anno terminato il 31 dicembre 2022. Questa presentazione segue un ordine di cessazione del commercio per mancata presentazione (FFCTO) emesso dalla British Columbia Securities Commission l'8 maggio 2023, che vieta il commercio di titoli della società in Canada.
Il FFCTO consente alcune esenzioni per i detentori di titoli beneficiari che non erano insider o persone di controllo al momento dell'ordine di vendere titoli attraverso mercati regolamentati esteri. L'azienda ha cambiato la sua chiusura dell'anno finanziario dal 31 dicembre al 31 marzo e sta lavorando per completare i bilanci finanziari non auditati per i periodi intermedi successivi.
Revitalist Lifestyle and Wellness (CSE: CALM) (OTCQB: RVLWF) ha presentado sus estados financieros auditados y la discusión de la dirección para el año que terminó el 31 de diciembre de 2022. Esta presentación sigue a una orden de cese de comercio por falta de presentación (FFCTO) emitida por la Comisión de Valores de Columbia Británica el 8 de mayo de 2023, que prohíbe el comercio de valores de la empresa en Canadá.
El FFCTO permite ciertas exenciones para los titulares de valores beneficiarios que no eran insiders o personas de control en el momento de la orden para vender valores a través de mercados regulados extranjeros. La empresa ha cambiado su cierre de año fiscal del 31 de diciembre al 31 de marzo y está trabajando para completar los estados financieros no auditados para los períodos interinos posteriores.
Revitalist Lifestyle and Wellness (CSE: CALM) (OTCQB: RVLWF)는 2022년 12월 31일로 종료된 회계연도의 감사된 재무제표와 경영진의 논의를 제출했습니다. 이 제출은 2023년 5월 8일 브리티시컬럼비아 증권위원회에서 발행한 제출 실패에 따른 거래 중지 명령(FFCTO)에 따른 것으로, 캐나다에서 회사 증권의 거래를 금지합니다.
FFCTO는 명령 당시 내부자가 아니거나 통제인이 아닌 유리한 증권 보유자가 외국의 규제된 시장을 통해 증권을 판매할 수 있도록 일부 면제를 허용합니다. 회사는 회계 연도를 12월 31일에서 3월 31일로 변경하였으며, 이후 중간 기간에 대한 감사되지 않은 재무제표를 완성하기 위해 노력하고 있습니다.
Revitalist Lifestyle and Wellness (CSE: CALM) (OTCQB: RVLWF) a déposé ses états financiers audités et la discussion de la direction pour l'exercice clos le 31 décembre 2022. Ce dépôt fait suite à un arrêt de cotation pour non-dépôt (FFCTO) émis par la Commission des valeurs mobilières de la Colombie-Britannique le 8 mai 2023, qui interdit le commerce des titres de la société au Canada.
Le FFCTO permet certaines exemptions pour les détenteurs de titres bénéficiaires qui n'étaient pas des initiés ou des personnes de contrôle au moment de l'ordre de vendre des titres par le biais de marchés régulés étrangers. L'entreprise a changé la clôture de son exercice financier du 31 décembre au 31 mars et travaille à la finalisation des états financiers non audités pour les périodes intermédiaires suivantes.
Revitalist Lifestyle and Wellness (CSE: CALM) (OTCQB: RVLWF) hat seine geprüften Finanzberichte und die Diskussion des Managements für das am 31. Dezember 2022 endende Jahr eingereicht. Diese Einreichung folgt auf eine Handelsstoppverfügung wegen Nichtvorlage (FFCTO), die am 8. Mai 2023 von der British Columbia Securities Commission erlassen wurde und den Handel mit Unternehmenswertpapieren in Kanada untersagt.
Die FFCTO erlaubt bestimmten Ausnahmen für begünstigte Wertpapierinhaber, die zum Zeitpunkt der Verfügung keine Insider oder Kontrollpersonen waren, um Wertpapiere über ausländisch organisierte regulierte Märkte zu verkaufen. Das Unternehmen hat sein Geschäftsjahr von 31. Dezember auf 31. März geändert und arbeitet daran, ungeprüfte Finanzberichte für die folgenden Zwischenperioden zu vervollständigen.
- Filed overdue 2022 audited financial statements, a step toward resolving regulatory issues
- Company remains under cease trade order (FFCTO), restricting trading in Canada
- Delayed filing of subsequent interim financial statements
- Trading restrictions on Canadian Securities Exchange continue
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - Revitalist Lifestyle and Wellness Ltd. (CSE: CALM) (OTCQB: RVLWF) (FSE: 4DO) (the "Company") wishes to announce that, further to its news release dated May 8, 2023, it has filed its audited financial statements and the related management's discussion and analysis for the financial year-ended December 31, 2022. The filings can be accessed under the Company's profile at www.sedarplus.ca.
The British Columbia Securities Commission (the "BCSC") as the principal regulator of the Company issued a failure-to-file cease trade order (the "FFCTO") against the Company on May 8, 2023, under Multilateral Instrument 11-103 - Failure-To-File Cease Trade Orders In Multiple Jurisdictions, prohibiting the trading in or the purchasing of any securities of the Company by any person or company in Canada, including trades in the Company's common shares made through the Canadian Securities Exchange, except in accordance with the following conditions for so long as the FFCTO order remains in effect: a beneficial securityholder of the Company who is not, and was not at the date of the FFCTO an insider or control person of the Company, may sell securities of the Company acquired before the date of May 8, 2023 if both of the following apply: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Canadian Investment Regulatory Organization; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. A copy of the FFCTO is available on www.sedarplus.ca.
The FFCTO will remain in effect until such time as it is revoked by the British Columbia Securities Commission and a reinstatement application with the Canadian Securities Exchange. The Company changed its financial year-end from December 31 to March 31, and is currently working to complete the unaudited financial statements for the interim periods subsequent to the year-ended December 31, 2022. The Company will provide further updates as they become available.
About Revitalist Lifestyle and Wellness Ltd. Revitalist (CSE: CALM) (OTCQB: RVLWF) (FSE: 4DO) Revitalist Lifestyle and Wellness Ltd. (CSE: CALM) (OTCQB: RVLWF) (FSE: 4DO) is a mental health and wellness company focused on comprehensive care in the ketamine wellness space offering innovative, evidenced-based services. The Company, through its Tennessee subsidiary, Revitalist LLC, operates physical locations in three states, virtual offices across six states and medical and behavioral services in two countries.
Founded and led by Kathryn Walker, an advanced provider in the psychedelic space, Revitalist is at the forefront of this emerging field. Visit www.Revitalist.com for more information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Forward-looking information in this news release includes statements concerning the ongoing preparation of the Company's unaudited interim financial statements for the periods after December 31, 2022; statements regarding the FFCTO; and statements regarding its general business plans. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
PR Contact
corporate@Revitalist.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241119
FAQ
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