Publication
International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Author:
Global | Publication | October 2018
The CSA has issued Staff Notice 51-357 Staff Review of Reporting Issuers in the Cannabis Industry, which identifies deficiencies in the disclosure practices of issuers involved in the rapidly growing cannabis industry. Among others, the CSA identified the following deficiencies in disclosure:
Insufficient disclosure in financial information filed by licensed cannabis producers
Inconsistent compliance with forward-looking information (FLI) disclosure requirements
Insufficient disclosure regarding risks related to U.S. operations
Issuers who fail to satisfy disclosure requirements may be subject to enforcement action from the securities regulators. Some issuers that had disclosure deficiencies have been required to commit to prospective improvements in their disclosure or to refile disclosure to correct their deficiencies.
The author wishes to thank articling student Daniel Weiss for his help in preparing this legal update.
Publication
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
The Canadian Federal Budget 2024 proposes to broaden the scope of certain powers allowing CRA to request information from taxpayers, and sets out new consequences for non-compliant taxpayers.
Publication
The alternative minimum tax is an additional income tax imposed under the Income Tax Act on individuals and certain trusts who would otherwise be able to reduce their ordinary Canadian federal income tax through the use of certain deductions, exemptions or credits.
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