6028394
ALBERTA SECURITIES COMMISSION
CEASE TRADE ORDER
MANAGEMENT CEASE TRADE ORDER: REVOCATION
Under the securities legislation of Alberta and Ontario
(Legislation)
Citation: 2022 ABASC 84 Date: 20220707
CBD Global Sciences Inc.
(the Issuer)
Background
1. This is the order of the Executive Director of the Alberta Securities Commission (the
Principal Regulator) and evidences the decision of the regulator or securities regulatory
authority in Ontario (each a Decision Maker).
1. The Issuer has not filed the following periodic disclosure required by the Legislation:
(a) annual audited financial statements, annual management’s discussion and analysis
and certification of the annual filings for the year ended 31 December 2021; and
(b) interim unaudited financial reports, interim management's discussion and analysis
and certification of the interim filings for the interim period ended 31 March 2022
(collectively, the Unfiled Documents).
2. As a result of this order, if the Issuer is a reporting issuer in a jurisdiction in which
Multilateral Instrument 11-103 Failure-to-File Cease Trade Orders in Multiple
Jurisdictions applies, a person or company must not trade in or purchase a security of the
issuer in that jurisdiction, except in accordance with the conditions that are contained in
this order, if any, for so long as this order remains in effect.
4. Further, this order takes automatic effect in each jurisdiction of Canada that has a statutory
reciprocal order provision, subject to the terms of the local securities legislation.
5. The Principal Regulator may, in the case of such a default, order that all trading in or
purchasing cease in respect of any security of the Issuer. However, on 19 April 2022 the
Issuer requested instead the issuance of an order that certain named insiders cease trading
in or purchasing securities of the Issuer pending the Issuer filing the Unfiled Documents.
6. The Issuer’s request was granted and it was ordered on 9 May 2022 that Glenn Dooley and
Brad Wyatt cease trading in or purchasing the securities of the Issuer (the MCTO).