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ANB Canada Inc. Files Annual Financial Statements and MD&A and Provides Update on Failure to File Cease Trading Order
Markham, Ontario–(Newsfile Corp. – July 30, 2024) – ANB Canada Inc. (the “Corporation“) is pleased to announce that it has filed its audited annual financial statements (“Financial statements“) and management discussion and analysis (“MD&A“) for the year ended December 31, 2023 (collectively, the “Annual statements“). A copy of the Annual Filings is available on SEDAR+ at www.sedarplus.ca.
As previously disclosed in the Corporation’s press releases dated May 2, 2024, May 8, 2024 and May 24, 2024, the Corporation is currently subject to a failure to file a cease trading order (“FFCTO“) imposed by the Ontario Securities Commission prohibiting the trading by any person of any securities of the Corporation in Canada.
The Corporation expects that its interim financial statements, accompanying management’s discussion and analysis, and related executive certifications for the quarter ended March 31, 2024 (collectively, the “Provisional records” and together with the Annual Archives, the “Mandatory Declarations“), which were not filed by the May 30, 2024 filing deadline, will now be filed by August 6, 2024.
With today’s filing of the Annual Filings, the Corporation expects the FFCTO to remain in effect until such time as the Interim Filings are filed. The Corporation will issue a further press release when the FFCTO is revoked.
About the business
The Corporation offers turnkey over-the-counter services (“No prescription“) sales and distribution services for manufacturers in the Canadian food, drug and mass market. The Corporation not only markets, sells, stocks and distributes OTC brands to the consumer, but also assists manufacturers in a number of other areas, including navigating Canadian regulatory guidelines.
Other information
For more information, please contact:
Alick Fernandes, CFO
1-647-956-6415
Email: afernandes@anbcanada.com
Notice Regarding Forward-Looking Statements
This release includes forward-looking statements about the Corporation and its business, including, without limitation, statements regarding the completion and filing of the Mandatory Registrations and the duration of the FFCTO. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and may differ materially as a result of known and unknown risk factors and uncertainties affecting the Corporation, including risks affecting the Corporation, economic factors and the equity markets generally. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date they are made and the Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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To view the original version of this press release, please visit https://www.newsfilecorp.com/release/218343