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Radiko Announces Board and Management Resignations
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Radiko Provides Update on Annual Filings and Issuance of Cease Trade Order
ACCESSWIRE
LOS ANGELES,
Radiko Holdings (CSE:
RDKO) (the
Company ) announces that further to the Company s press release dated April 14, 2021, the Company has received notice from the Alberta Securities Commission (the
ASC ) that the ASC has not accepted the Company s management cease trade order (the
MCTO ) application and the ASC has instead issued a cease trade order (the
CTO ). The Company applied for the MCTO as it anticipated it would be unable to file its audited annual financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended December 31, 2020 (the
Radiko Holdings Corp.: Radiko Provides Update on Annual Filings and Issuance of Cease Trade Order
Radiko Holdings (CSE:
RDKO) (the
Company ) announces that further to the Company s press release dated April 14, 2021, the Company has received notice from the Alberta Securities Commission (the
ASC ) that the ASC has not accepted the Company s management cease trade order (the
MCTO ) application and the ASC has instead issued a cease trade order (the
CTO ). The Company applied for the MCTO as it anticipated it would be unable to file its audited annual financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended December 31, 2020 (the
Radiko Holdings Corp.: Radiko Announces Halt in Cultivation at Carson City and Restructuring of Operations
Radiko Holdings (CSE:
RDKO) (the
Company ) announced today that the Company is halting its cultivation activities at its indoor facility in Carson City, Nevada. Management, in conjunction with Jeff Malinovitz and Clyde Story, the operators of record at Carson City, have concluded that despite ongoing efforts to rectify matters, the current facility is not performing as expected and it is extremely challenging to produce the type of premium product the operators specialize in. As a result, the Company does not believe it can achieve profitable cultivation operations at the Carson City facility without substantial modifications.
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