WINNIPEG, Manitoba–(BUSINESS WIRE)–Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we” or “our”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
As previously announced on November 13, 2025 (the “Announcement”), the Company applied for a management cease trade order (“MCTO”) with the applicable securities regulatory authorities in Canada, due to a delay in the filing of the Company’s unaudited interim financial statements for the three and nine months ended September 30, 2025 (the “Q3 Financial Statements”) and related management’s discussion and analysis (the “MD&A”) and Chief Executive Officer and Chief Financial Officer certifications (collectively with the Q3 Financial Statements and the MD&A, the “Required Filings”) past the prescribed deadline of November 14, 2025. On November 14, 2025, the Company’s principal regulator, the Manitoba Securities Commission, granted the Company a MCTO.
The MCTO restricts the Company’s Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the Required Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. The Company is continuing to work diligently to complete the Required Filings and anticipates, but cannot assure, that these filings will be finalized and filed by January 13, 2026.
The Company confirms that since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that would reasonably be expected to be material to an investor; (ii) there has not been any other specified default by the Company under NP 12-203; (iii) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines as set out in NP 12-203 for as long as it remains in default, including the issuance of bi-weekly default status reports in the form of a news release; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
AGI Company Profile
AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally. AGI has manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its product worldwide.
Forward-Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All information contained herein that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Some of the forward-looking statements contained in this press release include the timing for completion and filing of the Required Filings and the Company’s ability to comply with the provisions set out in NP 12-203. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the actual filing time of the Required Filings, financial results, performance or achievements to be materially different from the estimated future filing time, results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual results to differ materially from results discussed in the forward-looking information, which include but are not limited to the risk that the Company is unable to file the Required Filings within 60 days of the MTCO, in which case a general cease trade order may be issued in respect of the Company’s securities. A discussion of some of the material risks applicable to the Company can be found in the Company’s current Management’s Discussion and Analysis and Annual Information Form under the heading “Risks and Uncertainties”, each of which have been filed on SEDAR and can be accessed at www.sedarplus.ca. The forward-looking information included in this news release is made as of the date of this news release and, except as required by law, AGI disclaims any obligation to update or revise any forward- looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.
Contacts
For More Information Contact:
Andrew Jacklin
Sr. Director, Investor Relations
+1-437-335-1630
[email protected]
