By Namaste Technologies Inc on Tuesday, 02 April 2019
Category: Technology Platforms

Namaste Technologies granted management cease trade order

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During the period in which the MCTO is effective, the general investing public, who are not insiders of the company, can continue to trade

Namaste's CEO and CFO will not be able to trade the firm's shares until the annual filings have been filed by the company and the MCTO has been lifted

() (OTCMKTS:NXTTF) says it has been granted a management cease trade order (MCTO).

The MCTO was applied for after the Toronto cannabis company said it was not in a position to file its audited annual financial statements for the fiscal year ending November 30 and the related analysis by the filing deadline of April 1, 2019, as it had to permit sufficient time for Baker Tilly to complete its year-end audit.

READ: Namaste Technologies taps Baker Tilly as new auditor

During the period in which the MCTO is effective, the general investing public, who are not insiders of the company,  can continue to trade.

However, Namaste's CEO and CFO will not be able to trade the firm's shares until the annual filings have been filed by the company and the MCTO has been lifted.

Namaste said in today's statement that it expects to be able to complete the annual filings by May 31 this year.

Contact Giles at [email protected]

Follow him on @Gile74

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