Agriculture | |
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2019 VIEWS | |
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Thursday, October 11, 2018 08:15AM / The
Canadian Securities Administrators
The
Canadian Securities Administrators (CSA) today published Staff Notice 51-357 Staff
Review of Reporting Issuers in the Cannabis Industry, which summarizes
CSA staff’s review of 70 reporting issuers’ (issuers) continuous disclosure,
and highlights common deficiencies and best practices.
“Given
the significant growth and interest in the cannabis industry, it is imperative
that investors be provided with transparent information about issuers’
financial performance and risks related to their operations,” said Louis
Morisset, CSA Chair and President and CEO of the Autorité des marchés
financiers.
“Our
review shows that the quality of disclosure in this area needs to be enhanced,
and we encourage cannabis issuers to use this publication as a guide to make
improvements.”
The
CSA will continue to monitor and assess disclosure practices in the cannabis
industry in its continuous disclosure and prospectus review programs.
The
notice can be found on CSA members’ websites.
The
CSA, the council of the securities regulators of Canada’s provinces and
territories, co-ordinates and harmonizes regulation for the Canadian capital
markets.
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