Plant-Based Investment Corp. (CSE:PBIC) (PBIC) announced that Gerald Goldberg has been appointed as a director of the company.
The company noted that Goldberg is a chartered professional accountant and chartered accountant with over 40 years of experience in public accounting. His previous roles include senior partner at Schwartz Levitsky Feldman LLP, a large Canadian public accounting firm and partner at Grant Thornton LLP, PBIC said in a statement.
Goldberg's expertise includes the service, distribution, retail, mining, natural resources and oil and gas, real estate, not-for-profit entities, and manufacturing industries, with a strong focus on taxation and business advisory services. He has been actively involved with the audit of public companies in Canada, the United States, China, and other foreign countries.
He is also experienced in corporate finance and development, serving as an independent director, chairman, and member of the audit committee of numerous public and private companies.
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PBIC also said Ashish Kapoor has resigned as a director and thanked him for his contributions to the company.
In a separate statement, PBIC also announced that it has applied to the Ontario Securities Commission (OSC) for a management cease trade order (MCTO) with respect to its audited financial statements for the year ended October 31, 2022, annual management's discussion and analysis for the same period and management certifications of annual filing.
The company said it anticipates that the annual filings will not be filed by the prescribed deadline of February 28, 2023. The MCTO will not affect the ability of any other shareholders of the company to trade securities of the company, it said, noting that there is no guarantee that a MCTO will be granted.
The company confirmed that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing of the company's latest interim financial report and said it is not currently subject to any insolvency proceedings.
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