Mcloud announces grant of management cease trade order

San francisco , april 3, 2023 /prnewswire/ - mcloud technologies corp. (nasdaq: mcld) (tsxv: mcld), ("mcloud" or the "company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today, further to its release issued on march 29, 2023 in respect of its application to the british columbia securities commission (the "bcsc") for a management cease trade order (the "mcto"), that the bcsc has granted the mcto, pursuant to which the company will have until may 30, 2023 to file its annual financial statements, accompanying management's discussion and analysis, related ceo and cfo certifications and annual information form for the financial year ended december 31, 2022 (collectively, the "annual filings"). as a result of recent unexpected departures of key finance employees, the company experienced delays in its ability to complete internal pre-audit procedures associated with the audit process.
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