Processing License definition
Examples of Processing License in a sentence
From the date hereof to the Time of Closing the Vendor shall cooperate fully with the Purchaser to accurately complete and submit an application to Health Canada for an amendment to the Standard Processing License pursuant to the provisions of the Cannabis Act (and more particularly, Section 32 of the Cannabis Regulations) (the “License Transfer”) in order to reflect the change of control of the holder of the Standard Processing License.
On September 18, 2020, Pure Extracts was granted its Standard Processing License by Health Canada under the Cannabis Act.
There are no pending or, to the Sellers’ Knowledge, threatened Actions by or before any Governmental Authority to revoke, suspend, cancel, rescind, terminate and/or materially adversely modify the Processing License.
There are no pending or, to the Vendor’s knowledge, threatened Actions by or before any Governmental Authority to revoke, suspend, cancel, rescind, terminate and/or materially adversely modify the Standard Processing License.
The Corporation has the corporate power and capacity to own, operate or lease the properties and assets now owned, operated or leased by it, including the Standard Processing License, and to carry on its business as it has been and is currently conducted.
The Processing License is in full force and effect in all material respects and neither has been revoked, suspended, cancelled, rescinded, terminated or modified and neither has expired.