Eat Well Group (CSE: EWG) (OTC: EGFF) (FSE: 6BC0) has announced an expected delay in filing its required filings for the year ended Nov. 30, 2021. Requested filings include the company’s audited annual financial statements, related management’s discussion and analysis, and certificates of its CEO and CFO. The company announced it will be delayed until after March 30, 2022, the filing deadline. The company has applied to the British Columbia Securities Commission (“BCSC”) for a management cease trade order (“MCTO”), while also noting that it is diligently working with its auditors to complete the required filings as soon as possible. The MCTO would restrict all direct or indirect trading in securities of the company by the CEO and CFO until the required filings are submitted. According to the announcement, if the BCSC doesn’t grant the MCTO, Canadian securities regulatory authorities could issue a general cease trade order against the company based on its failure to file the required materials. In regard to the filings, Eat Well explained that it has experienced delays in the preparation of the audited annual financial statements because it has completed multiple acquisitions over a short period of time, and the subsequent audits have required thorough diligence. “The company is not aware of any specific accounting or audit concerns at this time,” the press release stated. “The company is working diligently with its accounting staff and external auditors to file the required filings and expects to be able to file the required filings no later than May 9, 2022.”
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About Eat Well Investment Group Inc.
Eat Well Group is a publicly traded investment company primarily focused on high-growth companies in the agribusiness, food tech, plant-based, and environmental, social and governance (“ESG”) sectors. Eat Well Group’s management team has an extensive record of sourcing, financing and building successful companies across a broad range of industries and maintains a current investment mandate on the health/wellness industry. The team has financed and invested in early-stage venture companies for more than 25 years, resulting in unparalleled access to deal flow and the ability to construct a portfolio of opportunistic investments intended to generate superior risk-adjusted returns. For more information about the company, please visit www.EatWellGroup.com.
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