(NASDAQ:PRME) MONTREAL, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that further to its news releases dated July 30, 2025 and August 15, 2025, the Company voluntarily applied for and the Company’s principal regulator, the British Columbia Securities Commission (the “BCSC”) granted a management cease trade order (the “MCTO”) dated July 30, 2025, under National Policy 12-203 Management Cease Trade Orders (“NP 12-203”) and provided the Company with an extension to file its annual financial statements for the period ended March 31, 2025, including the related management’s discussion and analysis, and related certifications on or before July 29, 2025 (collectively the “Annual Financial Filings”). The deadline has been extended to on or before September 29, 2025.
Related Questions
How will the extended filing deadline and MCTO affect Prime Drink Group's share liquidity and price volatility?
What are the potential risks if the company fails to meet the September 29, 2025 filing deadline, and how might that impact investor confidence?
How does this regulatory action compare to recent similar actions within the beverage sector, and what could it mean for Prime Drink Group's competitive positioning?