The Securities Commission granted a partial revocation of a cease trade order (FFCTO) against Empower Clinics Inc., which was originally issued due to the company’s failure to file required continuous disclosure documents. Empower Clinics sought the partial revocation to conduct a private placement to raise funds and settle certain debts. The raised funds will be used to prepare and file the outstanding disclosure documents and pay related fees. The decision was based on the company’s representations and subject to conditions, including providing participants with copies of the FFCTO and obtaining acknowledgments that the securities will remain subject to the FFCTO until fully revoked. The relevant laws include Section 144 of the Securities Act (Ontario) and National Policy 11-207.
