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Prime Drink Group Provides Bi-Weekly MCTO Status Report
prime medicineprime medicine(US:PRME) GlobeNewswire News Roomยท2025-08-30 00:00

Core Viewpoint - Prime Drink Group Corp. has received an extension from the British Columbia Securities Commission to file its annual financial statements, now due by September 29, 2025, following a management cease trade order [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO was granted on July 30, 2025, preventing the CEO and CFO from trading the company's securities until the annual financial filings are submitted [1][2]. - Shareholders retain the ability to trade their securities despite the MCTO [2]. Group 2: Financial Filing Extension - The deadline for filing the annual financial statements for the period ended March 31, 2025, has been extended to September 29, 2025 [1]. - The company is actively working to meet this new deadline [2]. Group 3: Compliance and Reporting - The company will issue bi-weekly default status reports in the form of news releases to comply with alternative information guidelines under NP 12-203 until the annual financial filings are submitted [3].