YourWay Cannabis Brands Inc. (OTCQB:YOURF) (CSE:YOUR) announced that it anticipates delays in filing its audited annual financial statements for the year ended December 31, 2021, the related management's discussion and analysis and CEO and CFO certifications due to a combination of factors, including the complexity associated with a change of the company's auditors which took effect on December 6, 2021; and changes in the personnel of the company requiring additional time to support the auditors. The company will work with its auditors to complete the audit of the annual financial statements and anticipates that, subject to current conditions remaining the same, it will require approximately three additional weeks to complete the process of preparing the annual filings and in any event will use its best efforts to complete the process within the next two months.
As a result of the anticipated delay in filing the annual filings, the company has applied to the British Columbia Securities Commission to request a management cease trade order (the "MCTO") be issued in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").
