ORAGIN Foods Inc (TSE:OG.H) has released an update.
ORAGIN Foods Inc. faces significant corporate challenges including the resignation of its independent directors and CFO, and failure to repay CAD $3,000,000 in convertible debentures. These setbacks have led to the suspension of the company’s listing on the TSX Venture Exchange and a subsequent move to the NEX Board, with trading remaining suspended. Furthermore, ORAGIN has been issued a cease trade order for not filing required financial documents, hindered by the lack of a CFO and a fully constituted board.
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