Core Viewpoint - Grounded People Apparel Inc. is addressing disclosure issues identified by the British Columbia Securities Commission, retracting previous financial disclosures and clarifying omissions related to stock options and management structure [1][2][3]. Group 1: Financial Disclosures - The Company retracts the sales order disclosures from the August 2, 2024 News Release, acknowledging that the presentation lacked balance and context [1]. - The May 29, 2024 News Release failed to disclose the granting of 20,000 stock options to the former CFO and an additional 60,000 options to other employees [2]. - An amended Management's Discussion and Analysis for the year ended February 29, 2024, has been filed, detailing the current audit committee composition [3]. Group 2: Investor Relations and Services - The Company has an agreement with Stride Publishing, now Wealth Campus Inc., for investor relations and digital marketing services, valued at $550,000 [4]. - All previous disclosures referencing Stride Publishing should now refer to Wealth Campus [5]. Group 3: Company Overview - Grounded People Apparel Inc. is a sustainable shoe company based in Vancouver, focused on fair-trade and environmentally friendly practices [6]. - The Company’s products are 100% PeTA-approved vegan, made from sustainable materials, and manufactured in a fair-trade facility in Brazil [6]. - The L.A.C.E.S. campaign allows consumers to purchase shoelaces linked to charities, with all profits donated to those causes [7][8].
Grounded People Clarifies Press Release
Thenewswire·2025-09-12 23:00