Empower Clinics Inc. has been served a Cease Trade Order by the British Columbia Securities Commission, due to failure to file periodic disclosures.
On the 22nd July, 2020, the BC Securities Commission served a Cease Trade Order (CTO) to a number of Issuers, including Empower Clinics Inc. (CSE: CBDT)
The CTO is a result of failure to file periodic disclosures, including:
- annual audited financial statements for 2019;
- annual MD&A for 2019;
- certification of the annual filings for 2019.
As such, trading in CBDT is halted, except for the following exceptions:
Despite this order, a beneficial securityholder of the Issuer who is not, and was not at the date of this order, an insider or control person of the Issuer, may sell securities of the Issuer acquired before the date of this order if both of the following apply:
- the sale is made through a “foreign organized regulated market”, as defined in section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and
- the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.
