Christina Lake Cannabis Corp (TSE:CLC) has released an update.
Christina Lake Cannabis Corp. has announced a delay in submitting its 2023 annual financial statements due to an extended audit process, citing high production levels, new product lines, and recent financings and property acquisitions as reasons for the extra time needed. The company is cooperating with its auditors and anticipates filing the documents by May 31, 2024, while complying with regulatory guidelines for such delays. Meanwhile, a management cease trade order has been requested to prevent the CEO and CFO from trading company securities until the filings are completed.
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