Champignon Brands Inc. -- s. 171 of the Securities Act (BC)
Headnote
National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jusidictions -- Application by an issuer for a revocation of cease trade orders issued by the Commission and British Columbia Securities Commission -- cease trade order issued because the issuer had failed to file certain continuous disclosure materials required -- defaults subsequently remedied by bringing continuous disclosure filings up-to-date -- Ontario opt-in to revocation order issued by British Columbia Securities Commission, as principal regulator.
Citation: 2021 BCSECCOM 160
CHAMPIGNON BRANDS INC.
REVOCATION ORDER
SECTION 171 OF THE SECURITIES ACT, R.S.B.C. 1996, C. 418
¶ 1 On August 26, 2020, the Executive Director ordered under section 164(1) of the Act that all trading in the securities of Champignon Brands Inc. (Champignon) cease until it files a material change report for the restructuring transaction with AltMed Capital Corp. in the required form, and the Executive Director revokes the order.
¶ 2 Champignon applied for revocation of the cease trade order with the Executive Director in compliance with National Policy 12-202 Revocation of Certain Cease Trade Orders.
¶ 3 Champignon has filed the material change report for the restructuring transaction with AltMed Capital Corp. in the required form.
¶ 4 The Executive Director considers that to revoke the cease trade order would not be prejudicial to the public interest.
¶ 5 Under section 171 of the Act, the Executive Director orders that the cease trade order is revoked.
April 22, 2021
Chapter 4 -- Cease Trading Orders
Temporary, Permanent & Rescinding Issuer Cease Trading Orders
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Company Name |
Date of Temporary Order |
Date of Hearing |
Date of Permanent Order |
Date of Lapse/Revoke |
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THERE IS NOTHING TO REPORT THIS WEEK. |
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Failure to File Cease Trade Orders
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Company Name |
Date of Order |
Date of Revocation |
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Canadian Oil Recovery & Remediation Enterprises Ltd. |
May 6, 2021 |
May 7, 2021 |
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Ikänik Farms Inc. |
May 6, 2021 |
__________ |
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LSC Communications, Inc. |
May 6, 2021 |
__________ |
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Imaging Dynamics Company Ltd. |
May 6, 2021 |
__________ |
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Logica Ventures Corp. |
May 6, 2021 |
__________ |
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Westcore Energy Ltd. |
May 6, 2021 |
__________ |
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EnerSpar Corp. |
May 6, 2021 |
__________ |
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NetCents Technology Inc. |
May 6, 2021 |
__________ |
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Emergia Inc. |
May 7, 2021 |
__________ |
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SRAI Capital Corp. |
May 7, 2021 |
__________ |
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Sunstone Opportunity Fund (2005) Limited Partnership |
May 7, 2021 |
__________ |
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YDX Innovation Corp. |
May 7, 2021 |
__________ |
Temporary, Permanent & Rescinding Management Cease Trading Orders
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Company Name |
Date of Order |
Date of Lapse |
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Empower Clinics Inc. |
May 4, 2021 |
__________ |
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Red White & Bloom Brands Inc. |
May 4, 2021 |
__________ |
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Reservoir Capital Corp. |
May 5, 2021 |
__________ |
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Nass Valley Gateway Ltd. |
May 5, 2021 |
__________ |
Outstanding Management & Insider Cease Trading Orders
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Company Name |
Date of Order or Temporary Order |
Date of Hearing |
Date of Permanent Order |
Date of Lapse/Expire |
Date of Issuer Temporary Order |
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Performance Sports Group Ltd. |
19 October 2016 |
31 October 2016 |
31 October 2016 |
__________ |
__________ |
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Company Name |
Date of Order |
Date of Lapse |
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Agrios Global Holdings Ltd. |
September 17, 2020 |
__________ |
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Almonty Industries Inc. |
April 1, 2021 |
__________ |
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Avicanna Inc. |
April 9, 2021 |
__________ |
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Bhang Inc. |
May 3, 2021 |
__________ |
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Bluesky Digital Assets Corp. |
May 3, 2021 |
__________ |
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Flower One Holdings Inc. |
May 3, 2021 |
__________ |
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Jushi Holdings Inc. |
May 3, 2021 |
__________ |
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Indiva Limited |
May 3, 2021 |
__________ |
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Matica Enterprises Inc. |
May 3, 2021 |
__________ |
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Ionic Brands Corp. |
May 3, 2021 |
__________ |
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King Global Ventures Inc. |
May 3, 2021 |
__________ |
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Tree of Knowledge International Corp. |
May 3, 2021 |
__________ |
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TraceSafe Inc. |
May 3, 2021 |
__________ |
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WeedMD Inc. |
May 3, 2021 |
__________ |
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Empower Clinics Inc. |
May 4, 2021 |
__________ |
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Red White & Bloom Brands Inc. |
May 4, 2021 |
__________ |
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Reservoir Capital Corp. |
May 5, 2021 |
__________ |
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Nass Valley Gateway Ltd. |
May 5, 2021 |
__________ |