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ARTICLE · 20 NOVEMBER 2019

Securities Regulators Issue Guidance On Disclosure Expectations In The Cannabis Industry

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On November 12, Canadian securities regulators in Ontario, British Columbia, Québec, New Brunswick, Saskatchewan, Manitoba and Nova Scotia published Multilateral Staff Notice 51‑359

CanadaCorporate/Commercial Law
Frazer K.M. House
Frazer K.M. House
John Emanoilidis
John Emanoilidis
Rima Ramchandani
Rima Ramchandani
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On November 12, Canadian securities regulators in Ontario, British Columbia, Québec, New Brunswick, Saskatchewan, Manitoba and Nova Scotia published Multilateral Staff Notice 51‑359 – Corporate Governance Related Disclosure Expectations for Reporting Issuers in the Cannabis Industry. This guidance was issued to help cannabis issuers strengthen their governance disclosures, including disclosure of financial interests in significant corporate transactions.

What you need to know

  • Regulators have observed instances of inadequate transparency and deficient disclosure relating to potential conflicts of interests by cannabis companies involved in significant corporate transactions.

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