Partner Cheryl Reicin and articling student Shane Thomas have penned an opinion piece for Lift News titled “Time to Grow Up: Corporate Governance for the Cannabis Sector" (the full article is available on Lift News).
The article discusses the rapid growth of some companies in the industry and why establishing corporate governance controls early in the company's life are so important.
An excerpt of the article is below.
A symptom of this overnight growth, however, is that these companies have not had the luxury of a normal maturation process to build proper corporate governance controls that are typical of similarly valued companies. While early financing rounds were often funded by high net worth individuals, as institutional investors now enter the fray these companies can no longer be run like mom and pops and proper governance and transparency requires near term focus.
Torys lawyers have written extensively on cannabis issues. You can read more on the Emerging Trends in the Cannabis Industry page.
To discuss these issues, please contact the author(s).
This publication is a general discussion of certain legal and related developments and should not be relied upon as legal advice. If you require legal advice, we would be pleased to discuss the issues in this publication with you, in the context of your particular circumstances.
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