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Knowledge & Insights

CSE: Overall Requirements to be Listed (Part 2)


Canada has a robust capital market, as well as a strength in funding growth ventures in emerging industries. Getting access to funding opportunities can be facilitated by becoming a public company. Below is a list of information that will need to be included in the filing documents. Note: this is a summary list – Please visit The CSE website for the full listing. Be sure to check out Part 1 of this series to getting listed on the Canadian Securities Exchange (SCE).

Corporate Structure

You have to state the following information regarding your entity:

  • Full corporate name
  • Detail of the statute and any material amendments
  • A detail of the relationships with all the subsidiaries, and for each one you will have to display the percentage of votes, the place of incorporation, the percentage of each class of restricted shares.
  • A subsidiary may be omitted if the total assets do not constitute more than 10 percent of the consolidated assets, the sales and operating revenues do not exceed the 10% of the consolidated sales and operating revenues.
  • Entities outside of Canada must describe how their government legislation differs materially from Canadian corporate legislation.

General Development of the Business

The entity should disclosure any significant acquisitions or dispositions completed or proposed, including the following information:

  • The nature of the assets
  • The actual or proposed date of each one
  • The consideration, both monetary and non-monetary paid, or to be paid, to or by entity. 
  • Any material obligations that must be complied with to keep any significant acquisition or significant disposition agreement in good standing; the effect of the significant acquisition or significant disposition on the operating results and financial position.
  • Any valuation opinion obtained within the last 12 months required under Canadian securities legislation, a directive of a Canadian securities regulatory authority, or a requirement of a Canadian stock exchange or other Canadian market to support the value of the consideration received or paid by the Issuer or any of its subsidiaries for the assets, including the name of the author, the date of the opinion, the assets to which the opinion relates and the value attributed to the assets.
  • Whether the transaction is with a Related Party of the Issuer and if so, disclose the identity of the other parties and the relationship of the other parties to the Issuer.

Narrative Description of the Business

  • Describe the business.
  • State the business objectives that the Issuer expects to accomplish in the forthcoming 12-month period.
  • Describe each significant event or milestone that must occur for the business objectives.
  • Disclose the total funds available to the Issuer.
  • Describe in reasonable detail and, if appropriate, using tabular form, each of the principal purposes, with approximate amounts, for which the funds available described under the preceding paragraph will be used by the Issuer.
  • Principal products or services describe:
  • The methods of their distribution and their principal markets.
  • As dollar amounts or as percentages, for each of the two most recently completed financial years, the revenues for each category of principal products or services that accounted for 15 per cent or more of total consolidated revenues for the applicable financial year.
  • If not fully developed, the stage of development of the principal products or services and, if the products are not at the commercial production stage.
  • Concerning production and sales, disclose:
  • The actual or proposed method of production of products or services.
  • The payment terms, expiration dates and terms of any renewal options of any material leases or mortgages.
  • Specialized skill and knowledge requirements and the extent that the skill and knowledge are available to the Issuer.
  • The sources, pricing and availability of raw materials, component parts or finished products.
  • The importance, duration and effect on the segment of identifiable intangible properties such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trademarks.
  • The number of employees, as at the most recent financial year end or as an average over that year. 
  • Any risks associated with foreign operation. 
  • A description of any contract upon which your company’s business is substantially dependent.
  • A description of any aspect of your company’s business that you reasonably expect to be affected in the current financial year by renegotiation or termination of contracts or sub-contracts, and the likely effect.

Need Help?

To learn more about overall requirements to be listed on the CSE, then check out our How To CSE Guide contact our team of financial experts at GreenGrowth CPAs. We are here to help your cannabis venture through any level of the accounting, tax filing, or business cycle. 

We employ several financial programs to assist the company with its fiscal responsibilities, including tax planning and compliance, outsourced CFO support, audit preparation, tax controversy support, and much more.

For recommendations and assistance with tax planning and accounting services, schedule a free consultation or contact us at 1-800-674-9050.

Request a Free Consultation & learn how GreenGrowth CPA’s can help your business grow.

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