The Securities Commission granted an order for Citizen Stash Cannabis Corp. to cease being a reporting issuer under applicable securities laws. The company met the necessary conditions, including having fewer than 15 security holders in each jurisdiction in Canada and fewer than 51 worldwide, with no securities traded on any public marketplace. The company was not in default of any securities legislation. The decision was based on the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The British Columbia Securities Commission acted as the principal regulator, and the order also represented the decision of the securities regulatory authority in Ontario. The relief was granted in accordance with the legislative test set out in the applicable securities legislation.
