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Toronto, December 17, 2021 (Global News Agency) – Cronos Group Inc. (NASDAQ:Crown) (Toronto Stock Exchange:Crown) (“Cronos Group” or “Company”) Provide a default status report in accordance with the alternative information guidelines specified in National Policy 12-203 – Manage stop trade orders (“NP 12-203“).
On November 9, 2021, the company announced that it applied for a management suspension order (“MCTO“) is related to Canada’s applicable securities regulators because the company will not be able to submit quarterly reports on Form 10-Q until September 30, 2021 (“Form 10-Q“) and the U.S. Securities and Exchange Commission (“Securities and Exchange Commission“), together with its corresponding quarterly documents in Canada (collectively referred to as “needed file“), before the applicable application deadline (“Original announcement“). MCTO was issued on November 16, 2021, restricting the company’s CEO and CFO to directly or indirectly conduct all transactions of company securities until two full working days after the required documents are submitted and the MCTO has been revoked The MCTO does not affect the ability of other shareholders of the company to trade their securities.
The company’s management continues to work hard to complete the required filings. It is now expected but not guaranteed that the required filings will be…
The full story can be found on Benzinga.com
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