Forte Group Faces Delay in Financial Statement Filing

Forte Group Holdings Inc., a diversified lifestyle and wellness company, announced a delay in filing its audited financial statements for the fiscal year ending December 31, 2024. The company cited increased audit activities related to discontinued operations as the primary cause. These operations involve voluntary dissolutions and wind-down of non-core subsidiaries, aimed at reducing liabilities and streamlining operations.

Forte Group is working with its auditor, Davidson & Company LLP, and expects to complete the necessary filings by May 5, 2025. Failure to meet the deadline may result in a Failure-to-File Cease Trade Order from the British Columbia Securities Commission, potentially halting trading of its securities in Canada. Despite this setback, Forte Group is committed to resolving audit items promptly and will update stakeholders accordingly.