McInnes Cooper's Cannabis Team in Inside Internal Controls | 5 Key FAQs About Canadian Cannabis Company "Key Investor Disclosure Requirements"
July 4, 2019
Information disclosure is a key theme that emerges from Canada’s new cannabis regulatory regime: the government wants lots of information from those to which it grants a cannabis –related licence – especially about “key investors” of certain licensees. It’s not surprising that the new regime (the Cannabis Act, Cannabis Regulations and other related regulations that took effect on October 17, 2018) requires cannabis industry licensees to disclose information to the federal government. What might be surprising, however, to certain licensees, their investors, and others that do business with them is the broad scope of both the definition of a “key investor”, and of the information about them that some licensees must disclose.
It’s key that all stakeholders clearly understand the Cannabis Regulations’ key investor disclosure obligations to avoid surprises and to ensure compliance. In their article, 5 Key FAQs About Canadian Cannabis Company “Key Investor Disclosure Requirements”, as published by Inside Internal Controls (by First Reference), members of the Cannabis Team @ McInnes Cooper answer five key frequently asked questions about cannabis companies’ “key investor” disclosure requirements.
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