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Greenrise Global Brands Inc ( (TSE:XCX) ) has provided an announcement.
Greenrise Global Brands Inc. has announced a delay in filing its annual financial statements and related documents for the fiscal year ending December 31, 2024, leading to a management cease trade order (MCTO) issued by the British Columbia Securities Commission. The company plans to file the required documents by June 30, 2025, and will continue to provide bi-weekly updates as per regulatory guidelines. Despite the MCTO, public trading of the company’s shares remains unaffected, although the CEO and CFO are restricted from trading.
Spark’s Take on TSE:XCX Stock
According to Spark, TipRanks’ AI Analyst, TSE:XCX is a Underperform.
The overall stock score is significantly impacted by the company’s critical financial condition, characterized by high leverage, negative equity, and cash flow problems. Technical analysis provides a slight positive offset with some short-term momentum, while valuation metrics reinforce concerns due to negative earnings and the lack of dividends.
To see Spark’s full report on TSE:XCX stock, click here.
More about Greenrise Global Brands Inc
Greenrise Global Brands Inc. is a publicly traded investment holding company with investments in the German cannabis industry.
Average Trading Volume: 13,017
Technical Sentiment Signal: Hold
Current Market Cap: C$236.2K
See more data about XCX stock on TipRanks’ Stock Analysis page.