Bhang Reports Delay in Filing 2022 Annual Financial Statements
Bhang Reports Delay in Filing 2022 Annual Financial Statements
Las Vegas, Nevada--(Newsfile Corp. - April 14, 2023) - Bhang Inc. (CSE: BHNG) (OTC Pink: BHNGF) ("Bhang" or the "Company"), a global cannabis CPG brand company with an award-winning portfolio of products, announced today that the Company might be unable to file its annual audited consolidated financial statements for the financial year ended December 31, 2022, the related annual management's discussion and analysis and the related CEO and CFO certifications (collectively, the "2022 Financial Disclosure") by May 1, 2023 (the "Filing Deadline") in accordance with the requirements of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") and National Instrument 52-109 - Certification of Disclosure in Issuer's Annual and Interim Filings, as applicable.
內華達州拉斯維加斯--(Newsfile Corp.-2023 年 4 月 14 日)- Bhang Inc. (CSE: BHNG) (場外交易鏈接:BHNGF) (”Bhang“或者”公司“)是一家擁有屢獲殊榮的產品組合的全球大麻CPG品牌公司,今天宣佈,公司可能無法提交截至2022年12月31日的財政年度經審計的合併財務報表、相關的年度管理層的討論和分析以及相關的首席執行官和首席財務官認證(統稱爲”2022 年財務披露“) 在 2023 年 5 月 1 日之前(”申報截止日期“) 根據國家儀器51-102的要求- 持續披露義務 (”在 51-102“) 和國家儀器 52-109- 發行人年度和中期申報中的披露認證,視情況而定。
Effective March 24, 2023, Bhang changed its auditor from Harbourside CPA, LLP to DNTW Toronto LLP, which has caused a delay in the completion of the audit of Bhang's annual consolidated financial statements for the financial year ended December 31, 2022. The Company believes that the outstanding Financial Disclosure will be filed by the end of May.
自2023年3月24日起,Bhang將其審計師從Harbourside CPA, LLP改爲DNTW Toronto LLP,這導致Bhang截至2022年12月31日的財政年度年度合併財務報表的審計延遲完成。公司認爲,未提交的財務披露將在5月底之前提交。
Accordingly, the Company has applied for a management cease trade order effective April 14, 2023, preventing management of the Company from trading, directly or indirectly, in the securities of the Company (except as otherwise authorized by applicable securities regulators), which will remain in place until the above-noted documentation has been filed, in accordance with the provisions of National Policy 12-203 – Management Cease Trade Orders ("NP-12-203"). Until the Company's 2022 Financial Disclosure is filed, the Company intends to satisfy the provisions of the Alternative Information Guidelines set out in NP-12-203. Furthermore, the Company's directors and officers will remain subject to a trading black-out pursuant to which such persons are prohibited from trading any securities of the Company until the end of the second full trading day following the day on which the 2022 Financial Disclosure is filed on SEDAR and a corresponding new release is issued by the Company pursuant to NI-51-502.
因此,根據國家政策12-203的規定,公司已申請了自2023年4月14日起生效的管理層停止交易令,禁止公司管理層直接或間接交易公司證券(除非適用的證券監管機構另行授權),該命令將在上述文件提交之前一直有效—— 管理 停止交易訂單 (”NP-12-203“)。在公司提交 2022 年財務披露之前,公司打算滿足 NP-12-203 中規定的替代信息準則的規定。此外,公司的董事和高級管理人員將繼續受到交易封鎖,根據該封鎖,禁止此類人員在SEDAR提交2022年財務披露以及公司根據 NI-51-502 發佈相應的新版本之日之後的第二個完整交易日結束之前交易公司的任何證券。
About Bhang
關於 Bhang
Bhang (CSE: BHNG) (OTC Pink: BHNGF) has been providing consumers around the world with an award-winning portfolio of premium brands for over a decade. With roots in master-chef-created chocolate and cannabis edibles, the Company continues to grow as a global consumer packaged goods company dedicated to providing products designed to enhance and complement consumer happiness, health, and well-being. Find out why life is better with Bhang at bhangnation.com. For additional Bhang news, visit us at bhangnation.com/blogs/press.
十多年來,Bhang(CSE:BHNG)(OTC Pink:BHNGF)一直爲全球消費者提供屢獲殊榮的優質品牌組合。公司扎根於大廚創造的巧克力和大麻零食,作爲一家致力於提供旨在增強和補充消費者幸福感、健康和福祉的全球消費品公司,繼續發展壯大。在 bhangnation.com 上了解爲甚麼有了 Bhang 的生活會更美好。欲瞭解更多 Bhang 新聞,請通過 bhangnation.com/blogs/press 訪問我們。
FORWARD-LOOKING STATEMENTS
前瞻性陳述
This press release contains statements which constitute "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities. Forward‐looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions and include information regarding: (i) the ability of the Company to complete its obligations under the Agreement; and (ii) expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward‐looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; in particular, in the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in the public perception of cannabis; decreases in the prevailing prices for cannabis and hemp products in the markets that the Company operates in; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; the cannabis market is highly regulated and those regulations and enforcement priorities of governmental authorities may change; compliance with extensive government regulation and related costs; and other risks described in the Company's filings on . Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law.
本新聞稿包含構成適用證券法所指的 “前瞻性信息” 的聲明,包括有關公司對未來業務活動的計劃、意圖、信念和當前預期的聲明。前瞻性信息通常用 “可能”、“將”、“可以”、“應該”、“將”、“打算”、“計劃”、“預期”、“相信”、“估計”、“期望” 或類似表達方式來識別,包括以下方面的信息:(i)公司完成協議義務的能力;以及(ii)對其他經濟、商業和/或競爭因素的預期。投資者請注意,前瞻性信息不是基於歷史事實,而是反映了公司管理層對公司未來業績或事件業務的預期、估計或預測,這些預期、估計或預測基於管理層在聲明發表之日被認爲合理的觀點、假設和估計。儘管公司認爲此類前瞻性信息中反映的預期是合理的,但此類信息涉及風險和不確定性,不應過分依賴此類信息,因爲未知或不可預測的因素可能會對未來的業績、業績或成就產生重大不利影響。可能導致實際業績與前瞻性信息中預測的結果存在重大差異的關鍵因素包括:總體經濟、商業和政治狀況的變化,包括金融市場的變化;特別是,公司以預期的金額和成本籌集債務和股權資本的能力;公衆對大麻的看法發生不利變化;公司市場上大麻和大麻產品的現行價格下跌運作於;不利的變化是適用法律或現行法律適用或執行方面的不利變化;大麻市場受到嚴格監管,政府當局的法規和執法重點可能會發生變化;遵守廣泛的政府監管和相關成本;以及公司文件中描述的其他風險 。如果這些風險或不確定性中的一項或多項成爲現實,或者前瞻性信息所依據的假設被證明不正確,則實際結果可能與本文描述的預期、計劃、預期、相信、估計或預期的結果存在重大差異。儘管公司試圖確定可能導致實際業績存在重大差異的重要風險、不確定性和因素,但可能還有其他因素導致業績與預期、估計或預期不符。除非適用法律另有要求,否則公司無意更新這些前瞻性信息,也不承擔任何義務。
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States and may not be offered or sold within the United States or to any "U.S. Person" (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
本新聞稿不構成出售要約或徵求買入要約,也不得在任何非法的司法管轄區出售任何證券。公司的證券過去和將來都不會根據經修訂的1933年《美國證券法》(“美國證券法”)或美國任何州的證券法進行註冊,除非根據《美國證券法》和適用的州證券法進行註冊,否則不得在美國境內發行或出售給任何 “美國個人”(定義見美國證券法規定的S條),除非根據美國證券法和適用的州證券法進行註冊不受此類註冊要求的影響。
Neither CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
CSE 及其監管服務提供商均不對本新聞稿的充分性或準確性承擔責任。
INVESTOR CONTACT:
Graham Simmonds
Executive Chairman & Interim CEO
Bhang Inc.
(416) 843-2881
invest@bhangcorporation.com
投資者聯繫人:
格雷厄姆·西蒙茲
執行主席兼臨時首席執行官
Bhang Inc.
(416) 843-2881
invest@bhangcorporation.com
To view the source version of this press release, please visit
要查看本新聞稿的源版本,請訪問