Thinking of buying a cannabis retail franchise? – Read this first!”
A number of Cannabis companies across Canada have organized franchise systems to capitalize on the recreational cannabis market. The idea of buying a cannabis retail franchise with an already established brand can be enticing, but before you buy, you should know the answers to these questions: How do I choose the right franchise? How does the law […]
How do I open a cannabis retail store? (Part 2)
In our last blog entitled, “How do I open a cannabis retail store in Ontario? (Part 1)”, we covered the first three steps to opening a cannabis retail store: notice to the local government, fire authority, and police force; obtaining a Retail Operator Licence; and obtaining a Cannabis Retail Store Authorization. This Part 2 will […]
How do I open a cannabis retail store? (Part 1)
Since recreational cannabis was legalized in 2018, the cannabis retail industry in Ontario has boomed. There are numerous laws, regulations, and rules floating around in a variety of resources, which can make understanding and undertaking the process of opening a cannabis retail store a challenge. This blog is intended to eliminate the extra research and […]
What should I include in my Shareholder Agreement?
Most shareholder agreements will address the following core issues with appropriately customized terms: (a) decision making; (b) restrictions on share transfers and ownership of shares; (c) financing; (d) pre-emptive rights; (e) rights of first refusal; (f) mandatory sales of shares; (g) conflict resolution; (h) non-competition, non-solicitation, and non-disclosure; and (i) shareholder exit strategies. Decision making […]
What is a shareholder agreement and why do I need one?
A shareholder agreement is a written agreement between shareholders, which sets out shareholder rights, protections, and obligations; the method by which shares will be valued; and how the corporation and its business will be structured, managed, and operated. A shareholder agreement can ensure that shareholders are treated fairly and can minimize disagreements by clarifying how certain matters […]