VANCOUVER, British Columbia, March 11, 2022 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (the “Company”, “Liquid media” Where “Liquid”) (Nasdaq: YVR) Discloses Issuance of Cease Trade Order (“CTO”) by the British Columbia Securities Commission (“BCSC”) under National Instrument 51-102 – Continuous disclosure obligations effective March 9, 2022, as a result of the Company’s failure to file its audited annual financial statements, MD&A and Annual Information Form for the fiscal year ended November 30, 2021 (together, the “Annual deposits”).
As previously announced on March 4, 2022, the Company experienced unexpected delays in consolidating financial information and finalizing purchase accounting for its recently acquired businesses. However, the Company is actively and expeditiously working with its auditors to file annual filings with the BCSC and Form 20-F with the SEC in accordance with its requirements and timelines, in which case the Company will seek to have the CTO of the BCSC revoked. .
The BCSC OTC applies to investors residing in British Columbia and does not apply to investors residing outside of British Columbia, including investors residing in the United States, who may continue to trading in the common shares of the Company. The Company’s common stock continues to be listed and traded on the Nasdaq stock market.
The Company also confirms, as of the date of this press release, that there is no other material information relating to the affairs of the Company that has not been generally disclosed.
About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is a business solutions company that empowers independent IP creators. Liquid’s end-to-end solution will enable the creation, packaging, financing, delivery and monetization of professional video (film/TV and video games), enabling IP creators to take their professional content from creation to whole process until monetization.
Liquid’s blockchain framework, developed with Eluvio, enables independent producers and content creators to leverage blockchain technology and NFTs to reach new audiences, achieve decentralized distribution at lower cost, access funding for the production, sell merchandise and other special access experiences, and stream directly to global audiences on their own terms.
Additional information is available at www.LiquidMediaGroup.co.
Further information :
+1 (416) 489-0092
Investor / Company
Media and Analyst Relations Manager
Primoris Group Inc.
+1 (416) 489-0092 ext. 226
Jane Owen PR
+1 (323) 819-1122
Caution Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking information”, including those regarding the filing of annual documents and the removal of the CTO. Forward-looking information includes statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. When used in this press release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends”, “should”, “could”, “may” and other similar terms are intended to identify such forward-looking information. Statements that constitute forward-looking information reflect the current expectations and beliefs of the Company’s management. These statements involve significant uncertainties, known and unknown risks, uncertainties and other factors and, therefore, the actual results, performance or achievements of the Company and its industry may differ materially from those implied by these statements. prospective. They should not be interpreted as a guarantee of performance or future results, and will not necessarily be a precise indication of whether or not such results have been achieved. A number of factors could cause actual results to differ materially from such forward-looking information. Accordingly, readers should exercise caution when relying on forward-looking information, and the Company undertakes no obligation to revise it publicly to reflect subsequent events or circumstances, except as required by law.