2056706 Ontario Inc. v. Pure Global Cannabis Inc.
The motion judge reasonably interpreted the APA to require the receiver to negotiate and use best efforts to complete the SPA, which the receiver did; the receiver had no authority over the excluded Health Canada licence and no evidence showed it could have prevented the licence from lapsing in the available timeframe, therefore there was no breach and the appeal is dismissed.
Source excerpt
- Good faith
- Best efforts
- Contract interpretation
- Authority of receiver
- Licence expiry