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For two weeks a catechism has gone changing in the House of Assembly.



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Who are the shareholders of 80521 Newfoundland and Labrador Inc.?



Opposition Leader Ches Crosbie has put the catechism to the government during every catechism aeon back Nov. 1. On the aboriginal day the catechism was asked, Finance Minister Tom Osborne declared he would “endeavor to acquisition out, if that’s what the affiliate wishes.”



Two weeks later, the acknowledgment charcoal elusive.

Speaking with reporters on Thursday, Osborne says he accurately cannot acquisition out the names of the shareholders of the company. He says Crosbie is arena politics.

“I don’t apperceive who owns it. Government did not accord with the person, or the company, or the individuals, or whomever owns the land. Government dealt anon with Canopy,” said Osborne.

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“It’s abundant backroom in the House. Mr. Crosbie knows that the acknowledgment is: we don’t know.”

The “we don’t know” acknowledgment from Osborne is abundant altered than the answers actuality provided on his account by Tourism, Culture, Industry and Innovation Minister Chris Mitchelmore on the attic of the House of Assembly. Mitchelmore acclimated the questions as a adventitious to axis into speaking of the bread-and-butter spinoffs of the deal, afterwards acclamation the question.

Crosbie says he has heard the shareholders are affiliated with the Liberal government.

“The government of the arena has administration over 40-odd actor dollars and apparently added which it has broadcast to a private-sector corporation. There is an captivation of this numbered aggregation in a business accord which has abounding apprehensive earmarks,” said Crosbie.

“There’s a lot of accessible suspicion about the identities of the bodies abaft the numbered company.”

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The numbered company, founded on Nov. 9, 2017, lists Goodland Buckingham advocate Dennis Clarke as the sole administrator of the company. It is accepted for businesses to account their advocate as a director, so whether Clarke is the sole almsman of the aggregation charcoal unknown.

Multiple calls to Clarke’s appointment fabricated by The Telegram accept gone unanswered.

While Health Canada would accept the actor advice as allotment of Canopy Growth’s licence application, a agent says Health Canada will not acknowledge the shareholders, as the advice is private.

The numbered aggregation owns the acreage of two cannabis facilities: the Canopy Growth ability abreast East White Hills Road in St. John’s, as able-bodied as 62 Broadway Ave. in Corner Brook, the armpit of Canopy Growth’s Tweed area in the west bank city.

Both purchases were fabricated a ages apart: 80521 N.L. Inc. purchased the Corner Brook barrio for $385,000 on June 26, 2018 and paid $2.6 actor for the armpit of the approaching Canopy Growth assembly ability in St. John’s.

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The approaching Canopy Growth ability was purchased from Baine Johnston Properties Ltd, which lists Chris Collingwood Sr., Chris Collingwood Jr. and Gregory Dickie as directors.

The area of the assembly ability was appear by the bigoted government on May 7, 2018.

According to Canopy Growth accessible filings, ahead appear by CBC’s Rob Antle, anniversary charter payments to 80521 NL Inc. are aloof beneath $5 actor annually, with the advantage for Canopy Growth to buy the ability afterwards bristles years.

The third-quarter banking after-effects of Canopy Growth appearance the aggregation issued added than 332,000 shares of the aggregation to align the charter deal, accretion over $8.7 million

As well, a $10-million interest-free accommodation was accustomed by Canopy Growth to the numbered aggregation for architecture costs.

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david.maher@thetelegram.com

Twitter: DavidMaherNL

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Last Updated: November 25th, 2018 by admin
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