The Securities Commission has granted an application by Vivo Cannabis Inc. (the Filer) to cease being a reporting issuer in all Canadian jurisdictions where it held this status. The decision is based on the following key points:
1. The Filer is not an OTC reporting issuer under Multilateral Instrument 51-105.
2. The Filer’s securities are owned by fewer than 15 security holders in each Canadian jurisdiction and less than 51 worldwide.
3. The Filer’s securities are not traded on any public marketplace in Canada or elsewhere.
4. The Filer has requested to cease being a reporting issuer in all Canadian jurisdictions where it is recognized as such.
5. The Filer is not in violation of any securities legislation in any jurisdiction.
The Ontario Securities Commission, acting as the principal regulator, has determined that the Filer meets the criteria set out in the applicable securities legislation, specifically under section 1(10)(a)(ii) of the Securities Act, R.S.O. 1990, c. S.5, as amended. Consequently, the Filer’s application to cease being a reporting issuer has been approved.