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.
Radiko Announces Halt in Cultivation at Carson City and Restructuring of Operations saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
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LOS ANGELES, CA / ACCESSWIRE / April 14, 2021 / Radiko Holdings Corp. (CSE:RDKO) (the
Company ) would like to provide an update on the status of the filing of its annual financial statements, accompanying management s discussion and analysis and related CEO and CFO certifications for the year ended December 31, 2020 (collectively, the
Annual Filings ).
Due to the continued impact of COVID-19, and the logistical complications for its Canadian auditor to conduct the audit of its U.S. operations, the Company anticipates the Annual Filings will be delayed beyond the required filing deadline: (i) under Parts 4 and 5 of National Instrument 51-102 -
Continuous Disclosure Obligations and pursuant to National Instrument 52-109 -
Radiko Announces LVV Shareholders Decision to Cease Operations and Proceed With Winding-Up newjerseytelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newjerseytelegraph.com Daily Mail and Mail on Sunday newspapers.
Radiko Holdings Corp.: Radiko Announces LVV Shareholders Decision to Cease Operations and Proceed With Winding-Up
Radiko Holdings (CSE:
Company ) announced today that La Vida Verde, Inc. (
LVV ), a company operating in California in which it has a 51% interest, has provided the Company with notices that: (a) the LVV shareholders have filed the stipulated judgment and claimed the approximately 16% of the shares of LVV that had been pledged by the Company as security for payment of additional capital commitment made by the Company pursuant to a settlement agreement dated April 21, 2020 (the
Settlement Agreement ), as disclosed in the Company s press release dated April 22, 2020; and (b) the shareholders of LVV, excluding the Company, have resolved to sell all the assets of LVV, liquidate its inventory and equipment, assign its related party leases and terminate all its employees and initiate proceedings for the winding-up and dissolution of LVV.