The applicant, Neighbourly Pharmacy Inc., applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all jurisdictions of Canada.
Following a court-approved plan of arrangement, all of the applicant's issued and outstanding common shares were acquired by a newly-formed entity, and its shares were delisted from the Toronto Stock Exchange.
The applicant's outstanding securities are beneficially owned by fewer than 15 securityholders in each jurisdiction of Canada and fewer than 51 worldwide.
The Commission was satisfied that the test under the securities legislation was met and granted the order.