What the hell? CEN Biotech Inc. (Lakeshore, Can
Post# of 1288
Posted On: 08/08/2016 1:46:00 PM
What the hell?
CEN Biotech Inc. (Lakeshore, Canada, August 8, 2016) announces the following update:
The purpose of this release is to briefly address the Company's discontinuance of its Appeal before the Ontario Municipal Board.
In no way is the discontinuance of the Appeal an indication that the Company has abandoned its quest for relief and damages from Health Canada's decision to deny the Company a license under the MMPR Program and the Town of Lakeshore’s interference with the company’s licensing process.
Most recently, the license sought by the company under the MMPR has been declared to be of no force and effect by the Federal Court (but that declaration is put on hold for 6 months to allow the government to deal with new legislation).
In the interim, both the MMPR and MMAR stay in effect pursuant to the terms of the Injunction of Manson J of March 21, 2014. A link to the courts decision follows:
http://cas-cdc-www02.cas-satj.gc.ca/…/T-203...asons%2…
The company, in consultation with its legal strategists and attorneys have made the decision to file a discontinuance of the Ontario Municipal Board Appeal. The company will continue on with its suit against Health Canada in Ontario Superior Court. It is likely the Town of Lakeshore will be added as a party to the suit.
This decision was made because a license issued in a program deemed unconstitutional appears to hold no intrinsic value. In light of prospective nationwide legalization, the company believes it is the best use of resources and in the best interest of shareholders to pursue the best legal avenue for the company, this being the Ontario Superior court suit.
CEN Biotech Inc. (Lakeshore, Canada, August 8, 2016) announces the following update:
The purpose of this release is to briefly address the Company's discontinuance of its Appeal before the Ontario Municipal Board.
In no way is the discontinuance of the Appeal an indication that the Company has abandoned its quest for relief and damages from Health Canada's decision to deny the Company a license under the MMPR Program and the Town of Lakeshore’s interference with the company’s licensing process.
Most recently, the license sought by the company under the MMPR has been declared to be of no force and effect by the Federal Court (but that declaration is put on hold for 6 months to allow the government to deal with new legislation).
In the interim, both the MMPR and MMAR stay in effect pursuant to the terms of the Injunction of Manson J of March 21, 2014. A link to the courts decision follows:
http://cas-cdc-www02.cas-satj.gc.ca/…/T-203...asons%2…
The company, in consultation with its legal strategists and attorneys have made the decision to file a discontinuance of the Ontario Municipal Board Appeal. The company will continue on with its suit against Health Canada in Ontario Superior Court. It is likely the Town of Lakeshore will be added as a party to the suit.
This decision was made because a license issued in a program deemed unconstitutional appears to hold no intrinsic value. In light of prospective nationwide legalization, the company believes it is the best use of resources and in the best interest of shareholders to pursue the best legal avenue for the company, this being the Ontario Superior court suit.
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