TORONTO, May 2, 2022
/CNW/ - Mimi's Rock Corp. (the "Company")
(TSXV: MIMI) (OTCQB: MIMNF) announced today that it
will not be in a position to file its annual audited financial
statements for the year ended December 31,
2021 and its related management's discussion and analysis
and officer certifications (collectively, the "Required
Filings") by today's prescribed filing deadline of May 2, 2022 (the "Filing Deadline").
Despite its efforts, the Company has not been able to complete
its year end audit process, primarily due to ongoing challenges
with auditing certain aspects of the Company's third party
inventories, as well as staffing issues related to Covid. Due
to these challenges, the auditors of the Company are not able to
complete the audit by the Filing Deadline. During the process
of completing the year end, the Company encountered certain novel
and unanticipated audit issues relating to the physical observation
of inventory at facilities used by third party e-commerce
marketplaces. These issues are ones faced by a number of
e-commerce retailers concerning similar inventory assurance
matters. These issues are in the process of being resolved but will
cause the filing date to be beyond the Filing Deadline. These
challenges are assurance related and do not impact financial
results.
Management does not expect the issues described above to impact
the financial reporting for Q1 2022. The Company will submit
the Required Filings as soon as possible and anticipates doing so
not later than May 27, 2022.
The Company recognizes that this delay may result in the
issuance of a failure to file cease trade order against the
Company. In the event this occurs, the Company will issue
further press release(s) with additional information.
About Mimi's Rock Corp.:
Mimi's Rock Corp. (www.mimisrock.com) is an online dietary
supplement and wellness company which market and sells its products
under the Dr. Tobias, All Natural Advice and Maritime Naturals
brand names. The Dr. Tobias brand features over 30 products,
including the top-selling Colon
14-Day Cleanse and the #1 selling Omega 3 Fish Oil on
Amazon.com. All Natural Advice and Maritime Naturals products focus
on skin and beauty care. Products sold under the All Natural and
Maritime Naturals brand names are made in Canada and registered with Health Canada and
under the EU Cosmetics Act. All Natural Advice has been featured on
BNN as a top selling skincare brand in Canada, and has been rated the #1 Beauty Brand
on Amazon Canada for the past four years.
Forward-Looking Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. Often, but not always, forward-looking statements
can be identified by the use of words such as "plans", "expects",
or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or describes a "goal", or variation of
such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved. All forward-looking statements reflect the
Company's beliefs and assumptions based on information available at
the time the statements were made. Actual results or events may
differ from those predicted in these forward-looking statements.
All of the Company's forward-looking statements are qualified by
the assumptions that are stated or inherent in such forward-looking
statements, including the assumptions listed below. Although the
Company believes that these assumptions are reasonable, this list
is not exhaustive of factors that may affect any of the
forward-looking statements.
Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. All forward-looking information contained in this press
release is given as of the date hereof and is based upon the
opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events,
or otherwise, except in accordance with applicable securities
laws.
Please visit www.mimisrock.com or www.sedar.com
for the Company's recent filings.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Mimi's Rock Corp.