A B.C. Securities Commission (BCSC) panel has dismissed allegations of misrepresentation against a Vancouver-based farming company that has an operation in Abbotsford and three people connected to it from Abbotsford, Surrey and Langley.
The BCSC had alleged that Affinor Growers Inc., which was developing stacked indoor growing facilities, made a misrepresentation when it announced in two news releases in 2018 that it had raised or intended to raise approximately $4 million through a private placement.
The BCSC had said that Affinor didn't disclose in either news release that it already paid or committed to pay approximately 92 per cent of the money raised – $3.6 million – to consultants.
Read more at abbynews.com