The Securities Commission has decided to revoke the cease trade orders (CTOs) previously issued against Invictus MD Strategies Corp. (the Issuer). These CTOs were initially put in place because the Issuer failed to file certain required continuous disclosure materials. The revocation follows an application by the Issuer under National Policy 11-207, which deals with Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
The decision was made by the British Columbia Securities Commission (BCSC) as the Principal Regulator, in conjunction with the Ontario Securities Commission (OSC), with both being referred to as Decision Makers. The Issuer is no longer a reporting issuer in any Canadian jurisdiction where it previously had this status.
The revocation order is based on the legislative provisions of the Securities Act (R.S.O. 1990, c. S.5, as amended), specifically section 144, and is supported by the criteria set out in the relevant securities legislation that governs the Decision Makers’ authority to revoke such orders.
The outcome is that the CTOs issued against the Issuer on February 4, 2021, by both the BCSC and the OSC have been revoked as of August 18, 2023. This decision reflects the regulators’ satisfaction that the Issuer has met the conditions for revocation as outlined in the applicable legislation and policies.