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 and Part 2 of this 4-part series to getting listed on the Canadian Securities Exchange (CSE).
Selected Consolidated Financial Information
The entity must provide the financial data for the Issuer in summary form for each of the last three completed financial years and any period subsequent to the most recent financial year end for which financial statements have been prepared.
The information may be presented in foreign GAAP if the primary financial statements have been prepared using foreign GAAP; and the Issuer is required under applicable securities legislation to have reconciled its financial statements to Canadian GAAP at the time of filing its financial statements or the Issuer has otherwise done so, a cross reference to the notes to the financial statements containing the reconciliation of the financial statements to Canadian GAAP is included.
Management’s Discussion and Analysis
MD&A is a narrative explanation, through the eyes of management, of how an Issuer performed during the period covered by the financial statements, and of an Issuer’s financial condition and future prospects. While MD&A complements and supplements your financial statements, it does not form part of your financial statements.
Now, MD&A should help current and prospective investors understand what the financial statements show and do not show; discuss material information that may not be fully reflected in the financial statements, such as contingent liabilities, defaults under debt, off-balance sheet financing arrangements, or other contractual obligations.
Market for Securities
Identify the exchange and quotation and trade reporting system on which the Issuer’s securities are listed and posted for trading or quoted.
Describe any material change since the date of the comparative financial statements.
Option to Purchase Securities
Not more than 30 days before the date of the Listing Statement, information as to options to purchase securities of the Issuer or a subsidiary of the Issuer.
Information for each principal shareholder of the Issuer as of a specified date not more than 30 days before the date of the Listing Statement including, name, the number or amount of securities owned.
Directors and Officers
- List the name and municipality of residence of each director and executive officer,
- State the period or periods during which each director has served,
- State the number and percentage of securities of each class of voting securities of the Issuer or any of its subsidiaries beneficially owned,
- Disclose particulars of existing or potential material conflicts of interest between the Issuer or a subsidiary of the Issuer and a director or officer
- For management:
- Name, age, position, and responsibilities
- If it works full time
- If is an employee or a contractor
- state the individual’s principal occupations or employment during the five years prior to the date of the Listing Statement
- Indebtedness of Directors and Executive Officers
Describe any legal proceedings material to the Issuer to which the Issuer or a subsidiary of the Issuer is a party or of which any of their respective property is the subject matter and any such proceedings known to the Issuer to be contemplated, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings.
Auditors, Transfer Agents and Registrars
You will have to disclosure name and address of the auditor of the Issuer and For each class of securities, state the name of any transfer agent, registrar, trustee, or other agent appointed by the Issuer to maintain the securities register and the register of transfers for such securities and indicate the location (by municipality) of each of the offices of the Issuer or transfer agent, registrar, trustee or other agent where the securities register and register of transfers are maintained or transfers of securities are recorded.
Give particulars of every material contract, other than contracts entered into in the ordinary course of business that was entered into within the two years before the date of Listing Statement
In summary you will need to complete and present the following forms that you will see attached to this guide View all forms:
- Form 1 A: Application letter
- Form 1 B: Listing application
- Form 2 A: Listing Statement
- Form 2 B: Listing Summary
- Form 3: Personal information
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.