The Securities Commission has decided to revoke a cease trade order (CTO) against Veji Holdings Ltd. The CTO was originally issued because the company failed to submit required continuous disclosure materials. The revocation follows an application by Veji Holdings to both the British Columbia Securities Commission (BCSC) and the Ontario Securities Commission (OSC), with the BCSC acting as the principal regulator.
The decision to revoke the CTO is based on the criteria outlined in the applicable securities legislation, specifically the Securities Act, R.S.O. 1990, c. S.5, as amended, section 144, and in accordance with National Policy 11-207. The revocation order indicates that both the BCSC and the OSC are satisfied that Veji Holdings has met the necessary conditions for the CTO to be lifted. The revocation was formalized on October 5, 2023, as evidenced by the order from the principal regulator and the concurrent decision by the OSC.