TAAT Global Alternatives Provides Update on Management Cease Trade Order
LAS VEGAS and VANCOUVER -- March 17, 2025 -- NewsGenie -- TAAT Global Alternatives Inc. (CSE: TAAT) (OTCQX: TOBAF) has issued an update regarding the management cease trade order (MCTO) granted on March 3, 2025, by the British Columbia Securities Commission. The MCTO was initiated due to a delay in filing the company's financial statements for the fiscal year ended October 31, 2024.
The company reports that the audit is progressing and expects to provide further updates on the timing of its Annual Filings on or about March 31, 2025. Progress is also being made on interim financial statements for the first quarter ended January 31, 2025.
During the MCTO, trading in the company's shares will continue for the general public, but the CEO and CFO are restricted from trading. TAAT confirms its intention to meet the requirements of NP 12-203 and will continue to issue bi-weekly default status reports.
Michael Saxon, CEO of TAAT, stated that the company will provide necessary updates on the filing timeline. TAAT is a vertically integrated consumer product and distribution company with over CAD $90 million in annual gross revenue, expanding its product categories including tobacco and reduced-risk alternatives, hemp, kratom, and other emerging CPG segments.