1933 Industries Files for Management Cease Trade Order

1933 Industries Inc., a cannabis cultivator based in Nevada, has applied for a Management Cease Trade Order (MCTO) with the British Columbia Securities Commission. The company announced it will not meet the filing deadline for its audited annual financial statements for the year ending July 31, 2024.

The delay follows a resolution with its auditor over audit fees, averting a change of auditor. The auditor has assured the completion of the audit by January 27, 2025. The MCTO restricts trading activities of key executives but does not impact other investors.

The firm emphasizes that it is not in default under NP 12-203, faces no insolvency issues, and has no undisclosed material information. Bi-weekly updates will be provided until the filings are submitted.