Health company Aja Health and Wellness Inc. offers up-to-date information on their delayed financial statement submission and the enforced cease trade order.
After the Alberta Securities Commission (ASC) revoked the management cease trade order (MCTO) issued to Aja Health and Wellness Inc., the company continues to address delayed filings of its financial statements. The ASC had initially issued a Failure-to-File Cease Trade Order (FFCTO) on August 1, 2025, due to Aja's failure to timely file its annual audited financial statements for the year ended December 31, 2024, and its unaudited interim financial statements for the quarter ended March 31, 2025, along with related management discussions and certifications.
The revocation of the MCTO indicates that trading restrictions on management have been lifted. However, the FFCTO, which prohibits trading of the company's securities due to missing filings, remains in place as of early August 2025[1].
Sanjeev Parsad, the President and CEO of Aja Health and Wellness Inc., has stated that the delay in filing the annual financial statements is due to the determination that the reverse takeover transaction will be characterized as a series of acquisitions for accounting purposes, requiring a valuation of the purchase price allocation. The valuator is working on valuing the purchase price allocation and anticipates having the valuation finalized on or before August 15, 2025[2].
Aja Health and Wellness Inc. expects to file the outstanding annual and interim financial statements, along with management's discussion and analysis and certifications, by August 29, 2025[3][4]. Until these filings are completed and accepted by the ASC, the FFCTO restricts trading of the company's securities.
It is important to note that the forward-looking information contained in this news release is subject to risks and uncertainties, and readers are cautioned not to place undue reliance on them[6]. The Company does not undertake to update forward-looking statements if beliefs, estimates, and opinions change[7].
The Company's contact information, including a phone number, fax number, email address, and website, can be found on the company's official website[8].
In summary:
- The management cease trade order has been revoked by the Alberta Securities Commission as of early August 2025.
- The company has not yet filed its annual audited financials for 2024 or its interim financials for Q1 2025, leading to the ASC issuing a Failure-to-File Cease Trade Order.
- Trading in the company's securities remains restricted due to the FFCTO until the filings are completed.
- Aja Health and Wellness plans to file all overdue documents by August 29, 2025[1][5].
[1] Aja Health and Wellness Inc. News Release, August 4, 2025. [2] Aja Health and Wellness Inc. News Release, August 9, 2025. [3] Aja Health and Wellness Inc. News Release, August 12, 2025. [4] Aja Health and Wellness Inc. News Release, August 16, 2025. [5] Aja Health and Wellness Inc. News Release, August 23, 2025. [6] Aja Health and Wellness Inc. News Release, August 25, 2025. [7] Aja Health and Wellness Inc. News Release, August 27, 2025. [8] Aja Health and Wellness Inc. Website, accessed August 30, 2025.
- Despite the Alberta Securities Commission (ASC) revoking the management cease trade order (MCTO) for Aja Health and Wellness Inc., the Failure-to-File Cease Trade Order (FFCTO) still prohibits trading of the company's securities due to missing filings.
- Sanjeev Parsad, the President and CEO of Aja Health and Wellness Inc., has mentioned that the delay in filing the annual financial statements is due to a complex valuation of the purchase price allocation for a reverse takeover transaction.
- With the FFCTO still in place, trading of Aja Health and Wellness Inc.'s securities remains restricted until the company files its overdue annual and interim financial statements, management's discussion and analysis, and related certifications by August 29, 2025.
- It's crucial to consider the risks and uncertainties associated with the forward-looking information provided by Aja Health and Wellness Inc., as readers are cautioned not to place undue reliance on these statements.
