Payfare (TSE:PAY) has released an update.
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Payfare Inc. faces a trading halt as the Ontario Securities Commission issued a Cease Trade Order due to a delay in the company’s Annual Filings, arising from a pending auditor’s report from a key vendor. Despite this setback, Payfare reassured stakeholders by reconfirming its previously disclosed unaudited financial results for Q4 and full year 2023 while maintaining its strategic objectives for 2024. The company anticipates completing and filing the overdue documents by June 28, 2024, and expects the trade halt to be lifted thereafter.
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