Past year: ▲ 0%(10.3c – 10.3c USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Jan 2022asset acquisition disposition● Neutral
This amendment only replaces Exhibit 10.2, because the original filing attached the May 25, 2021 Spin-Off Agreement twice instead of the October 22, 2021 Amended Spin-Off Agreement. The filing says no other changes were made; the spin-off of Edison Power Company is unchanged.
20 Jan 2022asset acquisition disposition● NeutralMajor
After FINRA approval, the company completed the spin-off of its subsidiary Edison Power Company (the solar business acquired in the 2019 agreement) on January 20, 2022. Shareholders of record on October 22, 2021 get one-half of one unregistered, restricted EPC share per company share held; EPC is now an independent private company, its shares are not listed, and the spin-off is not tax-free under Section 355. This reverses the earlier acquisition: the solar business is no longer inside the company.
14 Jan 2022quarterly activities report▼ Bad
Indigenous Roots Corp. reported quarterly revenue of $3 thousand and a net loss of $14 thousand for the period ended 2021-11-30.
1 Dec 2021late filing notice▼ Bad
Indigenous Roots Corp. notified the SEC that its annual report would be filed late.
19 Oct 2021auditor change▼ Bad
Auditor Dale Matheson Carr-Hilton Labonte LLP resigned on October 15, 2021, and the company appointed Fruci & Associates II, PLLC the same day. The prior audit report for the year ended August 31, 2020 included a going-concern doubt, and the company disclosed its internal controls were not effective; no disagreements were reported.
19 July 2021quarterly activities report▼ Bad
Indigenous Roots Corp. reported quarterly revenue of $4 thousand and a net loss of $40 thousand for the period ended 2021-05-31.
15 July 2021late filing notice▼ Bad
Indigenous Roots Corp. notified the SEC that its quarterly report would be filed late.
8 Apr 2021quarterly activities report▼ Bad
Indigenous Roots Corp. reported quarterly revenue of $811 and a net loss of $39 thousand for the period ended 2021-02-28.
15 Sept 2020material agreement● NeutralMajor
Filed in September 2020 for an event dated April 1, 2019, the company (now Indigenous Roots Corp.) signed an agreement to buy all of Edison Power Company in exchange for 6,849,239 of its common shares. Edison Power owns Edison Delaware 2, LLC, which owns and operates a solar power system in Delaware. This moves the company from its former gold-exploration business into solar power, and the filing came about 17 months after the agreement date.
29 July 2020quarterly activities report▼ Bad
Indigenous Roots Corp. reported quarterly revenue of $2 thousand and a net loss of $26 thousand for the period ended 2020-05-31.
13 July 2020quarterly activities report▼ Bad
Indigenous Roots Corp. reported quarterly revenue of $2 thousand and a net loss of $26 thousand for the period ended 2020-05-31.
24 Apr 2020quarterly activities report▼ Bad
Indigenous Roots Corp. reported quarterly revenue of $2 thousand and a net loss of $43 thousand for the period ended 2020-02-28.
13 Apr 2018quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $271 thousand for the period ended 2018-02-28.
10 Jan 2018capital raising announcement● Neutral
The company issued 200,000 shares to an officer and director for services on January 2, 2018, and filed on January 8, 2018 to change its name to Indigenous Roots Corp., pending FINRA review. The name change will take effect on the market only once FINRA completes its review.
10 Jan 2018capital raising announcement● Neutral
On December 5, 2017 the company issued 300,000 common shares to an unrelated party for $30,000 total, which is $0.10 per share, matching the price of the November 2017 placement announcement (inference that this is part of it; the filing does not say so).
28 Nov 2017late filing notice▼ Bad
Indigenous Roots Corp. notified the SEC that its annual report would be filed late.
6 Nov 2017capital raising announcement● Neutral
After a gap of more than six years in this record, the company (still American Paramount Gold Corp., now based in Las Vegas under president Ronald Loudoun) announced a private placement of up to 1,000,000 units at $0.10 each for up to $100,000. Each unit has one share and one warrant to buy a share at $0.35 for 12 months.
What it means for a shareholder
1.0m new shares at $0.100 to raise about $100,000. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held $1,000 of shares (10,000 at the issue price), your slice goes from 0.129% to 0.114% of the company. To keep it you'd need 1,292 more shares - about $129 at the issue price.
Create a free account to see this worked out for your own holding.
20 June 2017quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $38 thousand for the period ended 2017-05-31.
20 June 2017quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $38 thousand for the period ended 2017-05-31.
20 June 2017quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $38 thousand for the period ended 2017-05-31.
6 Apr 2017quarterly activities report● Neutral
Indigenous Roots Corp. reported a quarterly net income of $7 thousand for the period ended 2017-02-28.
6 Apr 2017quarterly activities report● Neutral
Indigenous Roots Corp. reported a quarterly net income of $7 thousand for the period ended 2017-02-28.
6 Apr 2017quarterly activities report● Neutral
Indigenous Roots Corp. reported a quarterly net income of $7 thousand for the period ended 2017-02-28.
18 Dec 2015quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $162 thousand for the period ended 2015-11-30.
17 Dec 2015quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $162 thousand for the period ended 2015-11-30.
17 Dec 2015quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $162 thousand for the period ended 2015-11-30.
10 Dec 2015substantial holder notice● Neutral
KCG Americas LLC reported a Indigenous Roots Corp. shareholding of 144,636 shares (3.14% of votes) in a periodic institutional filing.
22 June 2015quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $26 thousand for the period ended 2015-05-31.
22 June 2015quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $26 thousand for the period ended 2015-05-31.
14 Apr 2015quarterly activities report▼ Bad
Indigenous Roots Corp. reported a quarterly net loss of $23 thousand for the period ended 2015-02-28.
