Isodiol International Inc Provides an Update on the Delay in Filing Its Audited Financial Statements
VANCOUVER, British Columbia, Aug. 12, 2019 (GLOBE NEWSWIRE) -- (CSE: ) (OTCQB: ) (FSE: ) (the “Company” or “Isodiol”), provides an update on the delay on the filing of its audited annual financial statements, related management’s discussion and analysis and supporting officer certificates for the financial year ended March 31, 2019 (the “Filings”).
The Company obtained a management cease trade order dated July 30, 2019 from the relevant securities regulators as contemplated by National Policy 12-203 Management Cease Trade Orders of the Canadian Securities Administrators.
The delay of the Filings resulted from delays in the Company obtaining access to accounting information following dispositions of subsidiaries over which the Company no longer has management influence. The Company notes the audit is nearly complete and continues to expect to file the Filings on or before August 16, 2019.
The Company will comply with the requirements of the alternative information guidelines set out in the National Policy. The Company is not subject to any insolvency proceedings.
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About Isodiol International Inc.
is focused on the nutritional health benefits that are derived from hemp and is a product development, sales, marketing and distribution company of hemp-based Consumer Packaged Goods (CPG) and solutions. Isodiol has commercialized a 99%+ pure, naturally isolated CBD, including micro-encapsulations, and nano-technology for quality consumable and topical skin care products. Isodiol’s growth strategy includes the development of over-the-counter and pharmaceutical drugs and continued international expansion into Latin America, Asia, and Europe.
ON BEHALF OF THE BOARD
Marcos Agramont, CEO & Director
INVESTOR RELATIONS:
604-409-4409
MEDIA CONTACT:
Christopher Hussey
The CSE has not reviewed, approved or disapproved the content of this press release.
Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, proposed arrangement with creditors, products and future the Company’s business, its product offerings and plans for sales and marketing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend, to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved or disapproved the content of this press release.
