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Sunniva receives cease trade order from B.C. and Ontario Securities Commissions

Sunniva Inc. has been issued a cease trade order for failure to file periodic disclosure required by British Columbia and Ontario securities legislation.

A cease trade order (CTO) prohibits all trading in the securities of a particular company for a period of time. Sunniva’s CTO was issued by the British Columbia and Ontario Securities Commissions as a result of the company failing to file:

• the audited annual financial statements for the year ended Dec. 31, 2019;
• management’s discussion and analysis relating to the company’s audited annual financial statements for last year;
• and the certification of the foregoing filings by the company.

According to Sunniva’s press release on June 23, the company has prepared its annual financial statements and plants to engage its auditors following confirmation of the sale of its Okanagan Falls, B.C. property (expected on July 2, 2020). The company also reported it does not have an estimate time of when the annual filings will be completed and filed.

Sunniva securities holders are encouraged to consult with their own investment advisors as more company updates are to be provided on the company website.