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Note 21 - Agreements and Filings
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Agreements and Filings [Text Block]
NOTE
21
AGREEMENTS AND FILINGS
 
FINRA and SEC Filings
 
On
January 27, 2020,
a market maker filed a Form
211
Application with the Financial Industry Regulatory Authority ("FINRA") to request permission to quote and trade the securities of CEN Biotech, Inc. on OTC Markets. However, there can be
no
assurance that FINRA will approve the Form
211
Application. As of
March 12, 2021,
the application has
not
been approved.
 
On
June 30, 2020
the SEC declared a registration statement on Form S-
1
effective, that was filed by the Company to register the resale of up to
6,851,843
shares of the Company's common stock by certain selling stockholders.
 
Termination and Release Agreement
 
On
May 19, 2020
AstralENERGY Solar Manufacturing Corporation, LTD and the Company entered into a Termination and Release Agreement (the “Termination Agreement”) pursuant to which they mutually terminated the Share Purchase Agreement they previously entered into on
July 31, 2018.
No
compensation was paid by either party pursuant to the Termination Agreement and each party agreed that as of the date of entry into the Termination Agreement, that neither party shall have any rights or obligations with respect to the Share Purchase Agreement.