GREY:LXLLF - Post by User
Comment by
Dontbesogreedyon May 13, 2019 3:33pm
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Post# 29741878
RE:RE:RE:RE:RE:RE:ERKA to resume trading on 5/13 or 5/14 ????????
RE:RE:RE:RE:RE:RE:ERKA to resume trading on 5/13 or 5/14 ????????From lasst month...from the horse's mouth
https://eureka93.com/wp-content/uploads/2019/04/Management-Information-Circular-Including-Financial-Statements-and-MD-A.pdf
We are the defendant in lawsuits filed in Montana in July 2018 and August 2018 by 21 farmers for non-payment of their fees pursuant to hemp fixed acreage production agreements entered by Vitality and eachof the farmers in May 2018. We are not disputing that these amounts are due to the farmers and we havemade a full accrual for the same under “Accounts payable and accrued liabilities” in the ConsolidatedStatements of Financial Position at December 31, 2018. Payments have not been made to lack of liquidity.We intend to fully settle these amounts due in the near term.In connection with the non-payment to farmers in Montana, on February 1, 2019, the Montana Departmentof Agriculture has suspended our 2019 Montana Commodity Dealer license. This suspension prohibitsVitality from entering into any new contracts with Montana producers. Subsequently, management held ameeting with the Department of Agriculture and it was agreed that subject to full payment to farmers thesuspension will be lifted.