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Grounded People Apparel Clarifies Past Disclosures Following B.C. Securities Review
VANCOUVER, British Columbia — September 12, 2025 — Leads & Copy — Grounded People Apparel Inc. (CSE: SHOE), (OTCQB:GPAIF), (Frankfurt: K1G, WKN: A3DVB1), a sustainable shoe company, issued a release clarifying disclosures from previous releases following a review by the British Columbia Securities Commission.
The company retracted sales order disclosures from an August 2, 2024, release, acknowledging a lack of balance and context. Additionally, it noted a May 29, 2024, release omitted the grant of 20,000 stock options to then-CFO Geoff Balderson and 60,000 options to other Amalfi Corporate Services employees.
Grounded People also filed an amended Management’s Discussion and Analysis for the year ended February 29, 2024, providing further disclosure on revenue royalties, results of operations, related party transactions, key management compensation, and subsequent events. The company clarified that Stride Publishing, now Wealth Campus Inc., provides investor relations services for $550,000.
Grounded People Apparel Inc. focuses on delivering high-quality, 100% vegan products. Its initial product was canvas sneakers made from sustainable materials and manufactured in a fair-trade, vegan facility in Brazil. The L.A.C.E.S. campaign allows consumers to support charities through shoelace purchases.
Audit committee of the Board of Directors is presently comprised of: Mr. Joel Shacker (Chair), Mr. Nima Bahrami and Mr. Maxamillian Justus (who is non-independent, as he is also CEO of the Company).
Contact: Email: investors@groundedpeople.com Telephone: 1-844-673-6753
Source: Grounded People Apparel Inc.