The Ontario Securities Commission (OSC) has issued an order recognizing that Medifocus Inc. (the Applicant) has ceased to offer its securities to the public. This decision is based on the Applicant’s application and representations, which include:
1. Medifocus Inc. is an offering corporation under the Business Corporations Act (Ontario) (OBCA).
2. The company does not have a physical head office and has provided its registered and mailing addresses.
3. The company has no plans to seek public financing through securities offerings.
4. Medifocus Inc. previously received an order confirming it is not a reporting issuer in Ontario or any other Canadian jurisdiction, as per National Policy 11-206.
5. The facts presented in the previous order remain accurate.
The OSC, under subsection 1(6) of the OBCA and considering that granting the order would not be against the public interest, has ordered that Medifocus Inc. is deemed to have ceased to be offering its securities to the public as of February 28, 2023.