Ann: RotoGro to Acquire 100% of Canadian Lawful Cannabis License, page-32

Hi GL77

I haven't spoken to them about this, so what follows is purely my own guess.

If you download the Cannabis Act & search on "transition" you'll see there is quite a bit written about the transition from the old pre Oct 17 regs & the new. The gist of it is that they want it to be seamless such that you have the same rights/entitlements post Oct 17 as you did prior. I've pasted a small exert below, so it's just a matter as to when Heath Canada catch up with the backlog as to when the license is converted.

The renewal of the license (as the company said in their reply I pasted a few days ago), I'd expect to be a mere formality. I think they'd need to do it before the Christmas period to ensure continuity of the license just as we renew our own personal licenses before expiry. This will have nothing to do with RGI and will be done by Supra at their current premises with no changes to personnel etc etc. I notice the shares for the 1st 10% haven't been issued yet (appendix 3b), don't know about the cash, so maybe they're holding back till the LD is renewed/converted to make that process more seamless??

"To support an uninterrupted transition to the new licensing system, current dealers licences authorized under the NCR will remain valid until they expire, subject to the transitional provisions set out in Part 15 of the Cannabis Regulations."