- Else Nutrition Holdings (TSX: BABY) (OTCQX: BABYF) has released a bi-weekly default status report following a Management Cease Trade Order (MCTO).
- The MCTO was issued due to delays in auditing the company’s 2024 financial statements, affecting only the CEO and CFO.
- The company plans to complete and file its annual documents by May 27, 2025, with a final deadline of May 30, 2025.
Else Nutrition Holdings Inc. (TSX: BABY) (OTCQX: BABYF) has announced its bi-weekly default status report as required under the Management Cease Trade Order (MCTO) granted by the British Columbia Securities Commission. The MCTO, issued on April 1, 2025, restricts trading activities of the CEO and CFO due to the company's delay in completing audit procedures for its 2024 annual financial statements. This order does not restrict other shareholders from trading the company's securities.
The company affirms that there have been no significant changes since the original MCTO announcement, and it is actively collaborating with its auditors to finalize the financial statements. Else Nutrition anticipates filing its annual financial documents, including the Management's Discussion and Analysis (MD&A) and the Annual Information Form (AIF), by May 27, 2025, and no later than May 30, 2025. This filing will be accompanied by a subsequent news release to inform stakeholders.
Else Nutrition, headquartered in Israel, is a company dedicated to developing innovative and plant-based nutrition solutions for various age groups. The firm has made significant strides with its plant-based formulas by focusing on clean ingredients and gaining substantial commercial success, as evident from its awards and continued market penetration.
