Canadian CANNAINVESTOR Magazine Canada March / April 2019 | Page 21

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consultant, it is said that Bonify was found to have sold up to 200 kilograms of cannabis in Saskatchewan that was purchased from unauthorized sources. Reportedly, employees of the company had tried to express concerns to management over the illicit cannabis, but were subsequently threatened in order to stay silent on the matter. Three executives were terminated for cause and one director has been suspended as a result. Some have indicated in the media that it is suspected that the company felt pressure to sell the illicit cannabis in order to satisfy its supply agreements with Saskatchewan and Manitoba retailers.

Bonify had 10 days to respond to Health Canada’s suspension of its sales license. Neither the status of Bonify’s response nor Health Canada’s assessment of such response is known at this time, however the company has hired a third party consultant, RavenQuest Technologies, to provide operational oversight in an effort to rectify the situation and re-establish the company’s compliance with applicable laws and regulations. Bonify continues to produce cannabis in hopes that the suspension will be lifted.