/NOT FOR DISSEMINATION TO U.S. NEWS WIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES/
TORONTO, June 3, 2020 /CNW/ - Newtopia Inc.
("Newtopia" or the "Company") (TSX-V: NEWU), a
telehealth enabled habit change platform focused on disease
prevention, is providing an update on the status of the filing of
its financial statements, 52-109 certifications, and its annual
management and discussion analysis for the quarter ended
March 31, 2020 (collectively, the
"First Quarter Filings").
On March 18, 2020, the Canadian
Securities Administrators (CSA) announced that they will provide
issuers with a 45-day filing extension for filings required on or
before June 1, 2020 to allow issuers
the time needed to focus on the many other business and financial
reporting implications of COVID-19. Newtopia will rely on this
exemption with respect to the First Quarter Filings in accordance
with Ontario Instrument 51-502 – Temporary Exemption from
Certain Corporate Finance Requirements.
The Company is continuing to work with its auditors to file the
First Quarter Filings on or around July 10,
2020 and by no later than July 12,
2020. In the interim, management and other insiders of the
Company are subject to a trading black-out policy that reflects the
principles in section 9 of National Policy 11-207 – Failure
to-File Cease Trade Orders and Revocations in Multiple
Jurisdictions.
The Company confirms that since the filing of its final
long-form prospectus dated March 30,
2020 which incorporated the Company's interim financial
statements for the nine months ended September 30, 2019, there have been no material
business developments other than those disclosed through news
releases.
About Newtopia
Newtopia is a telehealth enabled habit change platform focused
on disease prevention that delivers a 1:1 individualized approach
for at-risk individuals by looking at social, psychological, and
genetic insights. Newtopia's approach is proven to deliver value on
investment for risk bearing employers and insurers. Clients
experience reduced clinical risk factors, medical claims savings
and increased quality of life, productivity and morale for their
at-risk individuals. Newtopia's mission is to inspire people to
live healthier. To learn more, visit newtopia.com.
Forward Looking Information
This news release contains forward-looking information and
forward-looking statements, within the meaning of applicable
Canadian securities legislation, and forward looking statements,
within the meaning of applicable United
States securities legislation (collectively,
"forward-looking statements"), which reflects management's
expectations regarding Newtopia's future growth, results from
operations (including, without limitation, future production and
capital expenditures), performance (both operational and financial)
and business prospects and opportunities. Wherever possible, words
such as "predicts", "projects", "targets", "plans", "expects",
"does not expect", "budget", "scheduled", "estimates", "forecasts",
"anticipate" or "does not anticipate", "believe", "intend" and
similar expressions or statements that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative or grammatical variation thereof or
other variations thereof, or comparable terminology have been used
to identify forward-looking statements. These forward-looking
statements include, among other things, statements relating to: the
expected filing date of the Annual Filings and Newtopia's business
plans and outlook. Forward-looking statements are not a guarantee
and are based on a number of estimates and assumptions management
believes to be relevant and reasonable. For more information on
these risks please see the "Risk Factors" in Newtopia's final
long-form prospectus dated March 30,
2020
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Newtopia Inc.