Cannabis Licenses. At all times:
Cannabis Licenses. The Company has provided the Agents with copies of all material documents and correspondence relating to the licenses issued pursuant to the Cannabis Act, as applicable (the “Cannabis Licenses”), to the Company and any Subsidiary. The Company and the Subsidiaries are in compliance, in all material respects, with the terms and conditions of all such Cannabis Licenses and all other licenses, permits and authorizations required in connection with their respective businesses and the Company and each Subsidiary expects to obtain, maintain and/or renew, as applicable, such Cannabis Licenses or any other required license, authorization or permit. The transactions contemplated herein (including the proposed use of proceeds from the offering of the Shares) are not expected to have any adverse impact on the Cannabis Licenses or require the Company or any Subsidiary to obtain any new license under the Cannabis Act or any other Applicable Law. The Company and the Subsidiaries have obtained all material permits or licenses required in connection with their respective businesses as currently conducted, including the Cannabis Licenses.
Cannabis Licenses. The Borrower shall not, and shall not permit NewCo to, take any action (or omit to take any action) that would compromise the Existing Permit, the Loan Parties’ ability to receive, maintain and operate the Dispensary Permit as and if permitted by Cannabis Laws and other rules and regulations promulgated by the DOH.
Cannabis Licenses. As of the Closing Date, the Cannabis Licenses are valid, current, and in compliance with all Laws and Borrower has delivered true and correct copies of each Cannabis License to the Lenders. As of the Closing Date, no Loan Party has received written notice from any Governmental Authority suspending, revoking or terminating a Cannabis License, threatening to suspend, revoke or terminate a Cannabis License, or seeking to investigate any possible non-compliance with respect to a Cannabis License. No Loan Party has applied for or is currently seeking approval of any new Cannabis License other than the Cannabis Licenses set forth on Schedule III; provided that, with respect to a suspension or threat of suspension of a Cannabis License, the foregoing representation applies only to a suspension or threat thereof that the Parent is required to report in a public filing to the Securities and Exchange Commission or the Ontario Securities Commission.
Cannabis Licenses. The Company has provided the Agents with copies of all material documents and correspondence relating to the licenses issued pursuant to the Access to Cannabis for Medical Purposes Regulations, the Narcotic Control Regulations and/or the Cannabis Act, as applicable (the “Cannabis Licenses”), to the Company and any Subsidiary. The Company and its Subsidiaries are in compliance with the terms and conditions of all such Cannabis Licenses and all other licenses, permits and authorizations required in connection with their respective businesses and the Company and each Subsidiary does not anticipate any variations or difficulties in obtaining, maintaining and/or renewing such Cannabis Licenses or any other required license, authorization or permit. The transactions contemplated herein (including the proposed use of proceeds from the offering of the Placement Shares) will not have any adverse impact on the Cannabis Licenses or require the Company or any Subsidiary to obtain any new license under the Cannabis Act or any other Applicable Law.
Cannabis Licenses. None of Corporation or its Subsidiary are required to hold a permit, license or other regulatory approvals under the Cannabis Act (Canada), state cannabis laws in the United States or laws relating to cannabis in Israel or any other jurisdiction, in order to operate the Company’s business as presently conducted.
Cannabis Licenses. The Purchaser, in its sole and absolute discretion, shall have confirmed to its satisfaction that: (i) the Company has maintained and has in place all required Cannabis Licenses, and has maintained the employment of all Employees or other individuals required pursuant to the Act and Regulations to maintain the Cannabis Licenses; and (ii) it shall have no indication that the Cannabis Licenses shall not remain in full force and effect following the completion of the Transaction.
Cannabis Licenses. The Cannabis Licenses shall be in good standing at the Closing Time and shall remain in good standing immediately following and notwithstanding Closing.
Cannabis Licenses. (i) The Company, each Guarantor and each HBOR/UL Guarantor will not allow any breach, withdrawal, suspension, failure to renew, cancellation, rescission, termination, lapse or forfeiture of any Cannabis License required to be held by the Company (or Guarantor, Subsidiary, or Affiliate, as applicable), permit, right, franchise, certification, consent, or privilege necessary for the ownership or operation of the Real Property Collateral for the purposes for which the Real Property Collateral are intended, except in the Ordinary Course of Business and which would not, individually or in the aggregate reasonably be expected to result in a Material Adverse Effect.
Cannabis Licenses. Permit any imposition, requirement, actual, pending revocation, suspension, termination, probation, restriction, limitation, forfeiture or refusal to renew, of, or other enforcement action by any Governmental Authority with respect to, any Cannabis License necessary or material to engage in such Cannabis Activities, if the Company fails to commence correction or challenge within ten (10) Business Days after the Company receives actual written notice of such action or failure and fails to diligently pursue correction to its conclusion; provided, however, that any operation of the Real Property Collateral following revocation of a required Cannabis License shall be an immediate Event of Default with no notice or cure periods to the extent such operation would reasonably be expected to result in a Material Adverse Effect.
