March 13 (Reuters) - CubicFarm Systems Corp CUB.TO :
* . ANNOUNCES LATE FILING OF ANNUAL FINANCIAL STATEMENTS,
ANNUAL
INFORMATION FORM AND RELATED DOCUMENTS
* COMPANY HAS APPLIED FOR A MANAGEMENT CTO, HOWEVER THERE IS
NO
ASSURANCE THAT IT WILL BE GRANTED
* COMPANY'S REQUIRED FILINGS ARE REQUIRED TO BE FILED WITHIN
ONE
MONTH OF PRESCRIBED FILING DEADLINE OF MARCH 31, 2023
* CUBICFARM SYSTEMS - FAILURE TO FILE SUCH WITHIN THIS ONE
MONTH
PERIOD MAY RESULT IN REGULATORS IMPOSING AN ISSUER CEASE TRADE
ORDER
* CUBICFARM SYSTEMS - COMPANY PROPOSES TO REMEDY DEFAULT BY
SETTLING OUTSTANDING BALANCE WITH ITS AUDITOR UPON CLOSING OF
ITS PROSPECTUS OFFERING
* DILIGENTLY WORKING WITH ITS AUDITOR TO ENSURE FILING OF
ITS
REQUIRED FILINGS AS SOON AS POSSIBLE
* COMPANY EXPECTS TO BE IN A POSITION TO ISSUE AND FILE
REQUIRED
FILINGS BY NO LATER THAN APRIL 30, 2023
* COMPANY CONFIRMS THAT IT IS NOT SUBJECT TO ANY INSOLVENCY
PROCEEDING AS OF DATE HEREOF
Source text for Eikon: ID:nCNWkxbWJa
Further company coverage: CUB.TO
((Reuters.Briefs@thomsonreuters.com;))