ParcelPal Technology (TSE:PKG) has released an update.
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ParcelPal Logistics Inc. has received a management cease trade order (MCTO) from the British Columbia Securities Commission due to a delay in the filing of its annual financial statements, attributed to the termination of its auditor by the Canadian Public Accountability Board. The company expects to correct the filing delay and appoint a new auditor with the aim to complete the audit by June 10, 2024. Meanwhile, the company’s CEO and CFO are restricted from trading its securities, although trading by other shareholders remains unaffected.
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