Pharmacielo (TSE:PCLO) has released an update.
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PharmaCielo has been hit with a cease trade order by the Ontario Securities Commission due to a delay in filing its annual financial statements, attributed to complications from a mid-year change in their ERP system. The company is actively working to complete the necessary audits and expects to file the required documents shortly, which would result in the lifting of the trade ban. This regulatory hiccup has temporarily halted the trading of PharmaCielo’s securities in Canada.
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