TokenFunder: The First OSC Approved Initial Coin Offering

What Does TokenFunder Do and Why is it Important?  TokenFunder is a Toronto start-up focused on helping companies “launch and manage ICOs.”1 There are plenty of examples of criticism of some recent ICOs, including Tezos, the third largest, which has been sued four times and accused of securities fraud.2 Tezos along with the many other […]

Tintina and NXT File Form F-7

As an update to our previous release which discussed the Canadian Securities Administrators (the “CSA”) amendments to the Canadian rights offering process and the impact this had on the availability of Form F-7 in such offerings, each of Tintina Resources Inc. (“Tintina”) and NXT Energy Solutions Inc. (“NXT”) have filed a Form F-7 with the […]

The SEC Issues No-Action Letter On Use Of Form F-7 In Connection With Canadian Rights Offerings

BACKGROUND In December 2015, the Canadian Securities Administrators (the “CSA”) brought into force an amended regime for prospectus-exempt rights offering’s in Canada (the “Amendments”). The Amendments by the CSA were intended to create a more efficient process in conducting a rights offering by reducing the time and cost associated with such offerings and to revitalize […]

The ACMPR: An Introduction

The laws relating to medical cannabis are rapidly evolving. The Marihuana for Medical Purposes Regulations (hereinafter the “MMPR”) required patients prescribed cannabis for medical reasons to purchase cannabis from a producer licensed by Health Canada. In Allard v. Canada1, the Federal Court found that this limitation was a violation of patients’ life, liberty and security […]