This section outlines the personal and entity disclosure requirements when applying for the following:
- Cannabis Retail Operator Licence
- Cannabis Retail Store Authorization
- Cannabis Retail Manager Licence
Definitions
Affiliate: Has the meaning as set out in Ontario Regulation 468/18.
Entity: Includes any corporation, partnership, limited partnership, sole proprietorship, trust or other form of business association.
Shareholder: An individual or entity that holds ownership through shares in a corporation.
Subsidiary: A corporation controlled by another corporation.
Personal Disclosure Requirements
Personal Disclosure information must be provided by all of the following persons:
- An individual who is applying for a Retail Manager Licence.
- Any of the following individuals associated with a Retail Operator that is applying for a licence or :
- A sole proprietor (in the case of an applicant that is a sole proprietor)
- A partner (in the case of an applicant that is a partnership)
- An officer or director of an applicant corporation and/or any parent or holding corporations
- A shareholder holding 10% or more of any shares of an applicant corporation
- A trustee and beneficiary of any trusts that hold any shares or interest in an applicant and/or its parent or holding corporations
Entity Disclosure Requirements
Entity Disclosure information must be provided by all of the following:
- An entity that is applying for a:
- Cannabis Retail Operator Licence
- Cannabis Retail Store Authorization
- A corporate shareholder (including a parent or holding corporation) holding 10% or more of any shares of an applicant corporation
- An entity with an interest (as defined in the Cannabis Licence Act, 2018) in the applicant.
Entity Disclosure is not required for corporations affiliated to an applicant unless requested by the Registrar.
Entity/individual disclosure information must be provided by applicant corporations and by all corporations directly or indirectly holding 10% or more of shares.