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Blender Bites Faces Delay in Financial Filings Due to Auditor and CFO Resignations

Story Highlights
  • Blender Bites delays financial filings after auditor and CFO resignations.
  • Company seeks cease trade order, plans to file by April 2025, and updates stakeholders regularly.
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Blender Bites Faces Delay in Financial Filings Due to Auditor and CFO Resignations

Thoughtful Brands ( (PEMTF) ) just unveiled an announcement.

Blender Bites Limited announced a delay in filing its financial statements for the period ending October 31, 2024, due to the resignation of its former auditor and CFO. The company has applied for a management cease trade order to allow continued trading of shares by certain individuals despite the delay. Blender Bites aims to file the required documents by April 28, 2025, and will issue regular updates while it remains in default. The company assures stakeholders it is not pursuing insolvency proceedings and has no new material information to disclose.

More about Thoughtful Brands

Blender Bites is a Canadian company established in 2017, known for developing and marketing premium frozen beverage products. Specializing in the ‘easy smoothie’ category, its offerings include certified organic, non-GMO, gluten-free, dairy-free, and soy-free products that contain functional ingredients like whole food vitamins, collagen, and probiotics. Their 1-Step Smoothies and Frappes are widely available across Canada and the US in over 7000 stores, including major retailers such as Walmart and Whole Foods.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $4.25M

For detailed information about PEMTF stock, go to TipRanks’ Stock Analysis page.

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