The Securities Commission has decided to revoke the Failure-to-File Cease Trade Order (FFCTO) against BevCanna Enterprises Inc. The company was initially cease traded due to its failure to file certain continuous disclosure materials as required by law. However, the company has since rectified these defaults by updating its continuous disclosure filings. The decision to revoke the FFCTO was made under the National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, and the Securities Act, R.S.O. 1990, c. S.5, ss 127, 144. The British Columbia Securities Commission, as the principal regulator, issued the revocation order, which was also adopted by the Ontario Securities Commission.
