Planting Hope Receives Management Cease Trade Order Due to Filing Delay

CHICAGO, IL and VANCOUVER, BC—The Planting Hope Company Inc. has received a management cease trade order (MCTO) from the British Columbia Securities Commission. This measure follows the company's delay in submitting its annual financial documents for the year ended December 31, 2023. As specified in the MCTO, the company's CEO and CFO are restricted from trading its securities until the necessary filings are completed.

The restriction, however, does not extend to shareholders who are not company insiders, allowing them the freedom to continue trading their shares. Planting Hope has committed to adhering to National Policy 12-203, promising bi-weekly status updates through news releases until the annual filings are submitted. The announcement follows a previous disclosure on April 26, indicating a forthcoming regulatory action due to the delay.