Fast Dose Therapeutics Supplies Bi-Weekly MCTO Standing Replace

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BURLINGTON, Ontario — Fast Dose Therapeutics Corp. (“RDT” or the “Firm”) (CSE: DOSE), a Canadian biotechnology firm revolutionizing drug supply by means of innovation, is offering a bi-weekly default standing replace in accordance with Nationwide Coverage 12-203 – Administration Stop Commerce Orders (“NP 12-203”).

The Firm introduced by way of press launch dated June 16, 2022 (the “Default Announcement”) that it had submitted an utility to the Ontario Securities Fee (the “OSC”) for a administration stop commerce order (the “MCTO”) pursuant to NP 12-203. The applying for the MCTO was made in reference to the delay in submitting the Firm’s audited annual monetary statements for the yr ended February 28, 2022, the associated administration’s dialogue and evaluation and CEO and CFO certifications (such filings, collectively, the “Annual Filings”), which had been required to be filed on or earlier than June 28, 2022.

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The MCTO was issued by the OSC on June 29, 2022. It prevents the Firm’s Chief Government Officer and Chief Monetary Officer from buying and selling within the Firm’s securities however doesn’t have an effect on the power of different shareholders, together with the general public, to commerce in securities of the Firm. The Firm at present anticipates the completion of the audit and the submitting of the Annual Filings by August 26, 2022.

The Firm additionally proclaims that the submitting of its unaudited interim monetary statements, associated administration’s dialogue and evaluation and CEO and CFO certifications for the three months ended Could 31, 2022 (the “Interim Filings”, and along with the Annual Filings, the “Required Paperwork”), shall be delayed past the submitting deadline of July 30, 2022 on account of the delay in finishing the Annual Filings. The Firm expects the Interim Filings to be filed concurrently with the Annual Filings by August 26, 2022. The MCTO will stay in impact till two full enterprise days following the receipt by the OSC of all filings the Firm is required to make beneath Ontario securities legislation, together with the Required Paperwork.

The Firm confirms that because the date of the Default Announcement, apart from as described above: (i) there was no materials change to the data set out within the Default Announcement that has not been typically disclosed; (ii) there was no failure by the Firm in fulfilling its acknowledged intentions with respect to satisfying the provisions of the choice data pointers set out in NP 12-203; (iii) there has not been some other specified default by the Firm beneath NP 12-203; and (iv) there isn’t a different materials data regarding the affairs of the Firm that has not been typically disclosed.

The Firm confirms that it’s going to proceed to fulfill the provisions of the choice data pointers beneath NP 12-203 by issuing bi-weekly default standing studies within the type of information releases for as long as it stays delayed in submitting the Required Paperwork.

About Fast Dose Therapeutics Corp.

Fast Dose Therapeutics is a Canadian biotechnology firm revolutionizing drug supply by means of innovation. The Firm’s flagship product QuickStrip™ is a skinny, orally dissolvable movie, that may be infused with an infinite listing of energetic substances, together with nutraceuticals, prescribed drugs and vaccines, which can be delivered rapidly into the bloodstream, leading to speedy onset of the energetic ingredient. For extra details about the Firm, go to www.rapid-dose.com.

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

Sure data on this information launch could comprise forward-looking data inside the which means of relevant securities legal guidelines. Any statements which can be contained on this information launch that aren’t statements of historic reality could also be deemed to be forward-looking statements. Ahead-looking statements are sometimes recognized by phrases similar to “could”, “ought to”, “anticipate”, “anticipate”, “potential”, “imagine”, “intend”, “will”, “may”, “are deliberate to”, “are anticipated to” or the destructive of those phrases and related expressions. Statements containing forward-looking data, together with, with out limitation, in respect of the supply of kit and merchandise utilizing the QuickStrip™ product supply technique, the technology of recurring revenues, the plans, estimates, forecasts, projections, expectations or beliefs of RDT administration as to future occasions or outcomes and are believed to be cheap based mostly on data at present accessible to RDT administration. Ahead-looking statements essentially contain recognized and unknown dangers, together with, with out limitation, dangers related to normal financial circumstances; adversarial trade occasions; advertising and marketing prices; lack of markets; termination of WLM agreements; future legislative and regulatory developments involving hashish; incapacity to entry adequate capital from inside and exterior sources, and/or incapacity to entry adequate capital on beneficial phrases; the hashish trade in Canada typically, revenue tax and regulatory issues; the power to implement its enterprise methods; competitors; foreign money and rate of interest fluctuations and different dangers. Readers are cautioned that the foregoing listing shouldn’t be exhaustive. There may be no assurance that statements of forward-looking data, though thought of cheap by RDT administration on the time of preparation, will show to be correct as there may be no assurance that the plans, intentions or expectations upon which they’re based mostly will happen. Precise outcomes and future occasions may differ materially from these anticipated in such forward-looking statements. Readers shouldn’t place undue reliance on forward-looking statements. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch, and the Firm expressly disclaims any obligation to replace or alter statements containing any forward-looking data, or the components or assumptions underlying them, whether or not on account of new data, future occasions or in any other case, besides as required by legislation.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20220728005627/en/

Contacts

RDT Investor:
Mark Upsdell, CEO
mupsdell@rapid-dose.com
416-477-1052

Media:
Dara Willis
dara@dwcomm.ca
416-836-9272

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