The Securities Commission has revoked a cease trade order against Champignon Brands Inc. following the company’s compliance with disclosure requirements. The initial cease trade order was issued due to Champignon’s failure to file a material change report after a restructuring transaction with AltMed Capital Corp. Champignon addressed the defaults by submitting the required report in the proper form. The Executive Director of the Commission concluded that revoking the cease trade order would not be against the public interest. This decision was made under the authority of section 171 of the Securities Act, R.S.B.C. 1996, c. 418, and in accordance with National Policy 12-202, which governs the revocation of certain cease trade orders. The revocation aligns with the Commission’s mandate to protect investors and ensure fair and efficient capital markets.
