NextGen Food Robotics to File Amended Interim MD&A

VANCOUVER, BC / ACCESSWIRE / May 1, 2024 / NextGen Food Robotics Corp. (the "Company" or "NextGen") (CBOE:NGRB)(OTC PINK:NGRBF)(Frankfurt:O83) announces that, pursuant to Section 11.5 of National Instrument 51-102 - Continuous Disclosure Obligations, as a result of a review by the British Columbia Securities Commission, it plans to amend and refile its interim management's discussion and analysis ("MD&A") for the three and nine months ended January 31, 2024 (as amended, the "Amended MD&A") to clarify its disclosure. The Amended MD&A is expected to provide revised and updated disclosure respecting, among other things, the Company's operations, revenues, equipment and machinery, leased facilities, marketing expenses and development of the Lily App.

The changes noted above will be intended to enhance and update the disclosure that was included in the originally filed MD&A for the three and nine months ended January 31, 2024 and provide readers with a more detailed discussion of the Company's operations. The updates are not expected to have any effect on the Company's financial position, and the Company does not intend to amend or restate its interim financial statements for the three and nine months ended January 31, 2024. The Company intends to file the Amended MD&A as soon as possible and will issue another press release announcing the same upon the filing date.

About NextGen Food Robotics

Nextgen Food Robotics is a food manufacturing company that operates commissary kitchens from its two locations in Vancouver. Additionally, Nextgen is developing the "Lily app", which is an AI-powered food application.

For investor inquiries or further information, please contact:

Paul Rivas, Chief Executive Officer
1 (236) 471-1357
[email protected]

Cautionary Note on Forward-Looking Information

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Such forward-looking statements include statements regarding the Company's intention to file the Amended MD&A and the expected timing thereof; the changes that will be included in the final Amended MD&A; that the Company will not be amending or restating its financial statements for the same period; and the subsequent press release announcing the filing of the Amended MD&A. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

Neither Cboe Canada nor its Market Regulator (as that term is defined in the Listing Manual of Cboe Canada) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: NextGen Food Robotics Corp.