This bulletin is to remind cannabis representatives that certain actions may result in an automatic cancellation of your registration.
Selling all or a portion of your business, incorporating or changing the registered company, or adding new investors
As per Section 112 GLCR, a registration is automatically cancelled on the sale of a business that results in a change in control in the ownership structure (owner,
financial interest or share structure). Any proposed change must be reported to AGLC and must be approved prior to any sale taking place.1
As per Section 113 GLCR, a sale of a portion of a business that does not result in a change in control must be reported to AGLC and must be approved prior to the
effective date of the sale.2
Send an email to Cannabis.Licensing@aglc.caprior to the sale being completed. AGLC’s Cannabis Licensing will request additional documents and advise how to proceed so that your registration is not in jeopardy.
Changing your company’s shareholders, directors, officers, or key employees
Shareholders, directors, officers and key employees must undergo criminal and financial background checks. AGLC will ask the new shareholder, director, officer or key employee3 to complete a Consent to Records Check (form 8009), which is part of the Cannabis Representative Application Package found on AGLC’s website at https://aglc.ca/cannabis/licensed‐producers/cannabis‐representatives.
Footnotes 1 See Section 112 of the Gaming, Liquor and Cannabis Regulation (GLCR) for more details. The GLCR can be found at http://www.qp.alberta.ca/documents/Regs/1996_143.pdf. 2 See Section 113 of the Gaming, Liquor and Cannabis Regulation (GLCR) for more details. The GLCR can be found at http://www.qp.alberta.ca/documents/Regs/1996_143.pdf. 3 A key employee is an individual who exercises influence, or control over the day‐to‐day operations, or decision making. This includes, but is not limited to, CEO, CFO, controller, senior compliance officer.