The Securities Commission has decided to revoke a cease trade order (CTO) that was previously issued against Affinor Growers Inc. The CTO was initially put in place because the company failed to submit required continuous disclosure materials. The revocation follows an application by the issuer for the CTO to be lifted, which was considered under National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
The revocation order was made by the British Columbia Securities Commission, acting as the principal regulator, and was also recognized by the Ontario Securities Commission. The decision was based on the satisfaction of the criteria set out in the applicable securities legislation, which includes the Securities Act, R.S.O. 1990, c.S.5, as amended, and the provisions of section 144.
The outcome is that the restrictions on trading securities of Affinor Growers Inc. imposed by the CTO have been lifted as of December 20, 2023.