UCFI · CN Healthy Food Tech Group Corp. · Earnings Call Transcripts & Audio

The latest filing states the doubt was alleviated.

“The Company is in default of its payment obligations under the September 2025 Note Payable, the Assumed Note Payable and the Sponsor Note Payable, with an aggregate of approximately $3.8 million of principal and accrued interest in default (see Note 6 and Note 7), and the Company's common stock and warrants are subject to a trading halt pending the Company's appeal of Nasdaq's delisting determination. These conditions, considered in the aggregate, raised substantial doubt about the Company's ability to continue as a going concern. After considering these plans, management concluded that the substantial doubt has been alleviated, and that the Company will be able to meet its obligations as they become due for at least twelve months from the date these condensed consolidated financial statements are issued.”