Prime Drink Group Faces Management Cease Trade Order Extension

MONTREAL, Sept. 10, 2026 /CourierPR/ -- Prime Drink Group Corp., a Canadian publicly traded company, has announced its progress regarding a management cease trade order (MCTO) that was imposed on it by the British Columbia Securities Commission (BCSC). On July 30, 2026, the company applied for, and the BCSC granted, a MCTO under National Policy 12-203. This order, which took effect on the same day, restricts the trading of securities by the company’s Chief Executive Officer (CEO) and Chief Financial Officer (CFO) until the company files its annual financial statements for the fiscal year ended March 31, 2026, including the management’s discussion and analysis (MD&A) and CEO and CFO certifications, by September 28, 2026.

To provide shareholders and stakeholders with regular updates, Prime Drink Group Corp. has committed to issuing bi-weekly status reports in the form of news releases. These reports will detail the company’s progress towards meeting the requirements set by the MCTO. The company’s CFO, Jean Gosselin, stated, "We are working diligently to ensure that we meet the deadlines and provide timely information to our stakeholders."

The MCTO does not affect the ability of shareholders to trade their securities. However, the order imposes a temporary restriction on the trading activities of key executives, which could have implications for the company’s management and strategic planning. Gosselin added, "Our team is focused on finalizing the necessary filings and ensuring that all regulatory requirements are met in a timely manner."

The extension granted by the BCSC to file the annual financial statements provides the company with an additional two months to complete the process. Prime Drink Group Corp. has emphasized its commitment to transparency and compliance with securities regulations. The company anticipates that it will file the required documents by the extended deadline of September 28, 2026, and remains optimistic about its ability to resolve the current situation.

The company’s next bi-weekly status report is expected to be released on August 15, 2026, and will provide further updates on the progress made towards filing the annual financial statements. Investors and stakeholders are encouraged to monitor these reports for any new developments.

As of the current date, Prime Drink Group Corp. has not disclosed any other material information relating to its affairs that has not been generally disclosed. The company continues to adhere to the provisions of the alternative information guidelines under NP 12-203, and its commitment to transparency remains steadfast.