Rivalry announced it failed to meet the deadline for filing its annual financial statements and related documents for the fiscal year ending December 31, 2024.

As a result, it obtained a Management Cease Trade Order (MCTO) from the Ontario Securities Commission, allowing it until June 30, 2025, to complete the filings. The MCTO restricts trading by the CEO and CFO but allows public trading of shares to continue.

Additionally, Rivalry secured a $600,000 loan from its senior lender to support its strategic initiatives, highlighting continued lender confidence and providing financial flexibility.