Legal & Finance Update February 22, 2019

 
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THIS WEEK’S UPDATE

This week has been huge! 

  • Beer Store Application - We have worked with the Marketing Team to finish their portion of the Beer Store Application. 

  •  Expense Policy Overhaul - We have the first draft of the new policy finished. We are working to get initial feedback next week.    

  •  Comment Period - Health Canada initiated a 60-day comment period on Dec. 22, 2018, when it published draft regulations for the manufacture and sale of edible products containing cannabis in the Canada Gazette. On Oct. 17, 2018, Canada legalized the recreational use of marijuana and said it would allow the sale of edible products within approximately one year. We submitted statements to Health Canada about the proposed regulations on behalf of Province Brands. 

LOOKING FORWARD

  • Audited Financials - We are working with our auditing firm to prepare our audited financials. We plan to have these ready by March 31st. It takes quite a bit of time.

  • Potential M&A Transaction - We have a potential target that we have been approached by. We plan to draft an LOI next week.

  • Marketing Packaging Review - We plan to draft new guidelines for packaging to aide the marketing team with their current design process. 

THINGS WE NEED HELP WITH

  • We could use advice from anyone who has experience with childproof packaging. 

  • We are looking for a lobbyist to help with the proposed regs and our license. If you know any lobbyists with experience working with Health Canada please let us know.