Int' Parkside adopts semi-annual financial reporting

Executive Summary

• International Parkside Products Inc. has elected to adopt the Semi-Annual Reporting (SAR) framework under Coordinated Blanket Order 51-933, transitioning from quarterly to semi-annual financial reporting.
• The company aims to reduce administrative and financial burdens associated with quarterly reporting to allocate more resources toward business objectives.
• The company confirms it meets all eligibility criteria for the SAR pilot program, including being a TSX-V listed venture issuer with annual revenues under $10 million.

Key Details

• Regulatory Framework: Adoption of Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.
• Fiscal Year End: July 31.
• Reporting Changes:
  • Exempt from filing interim financial reports and related Management’s Discussion & Analysis (MD&A) for the first quarter ended October 31, 2026.
  • Exempt from filing interim financial reports and related MD&A for the third quarter ending April 30, 2027.
  • Must continue to file audited annual financial statements (due within 120 days of July 31, 2026).
  • Must continue to file six-month interim financial reports (due within 60 days of January 31, 2027).
• Eligibility Criteria Met:
  • Venture issuer with securities listed on the TSX Venture Exchange.
  • Annual revenues of less than $10 million (based on most recently filed audited annual financial statements).
  • Reporting issuer in at least one Canadian jurisdiction for 12 months or more.
  • Current with all required periodic and timely continuous disclosure filings under Canadian securities legislation.