Commission Settles with Emeric Neil Black

first_imgThe Nova Scotia Securities Commission today, Jan. 13, has settled a case with Emeric Neil Black, who admitted to not filing insider trading reports. Mr. Black was a director of The Helical Corporation Inc., a reporting issuer in Nova Scotia since July 14, 2004, which made him an insider. During that time, he bought and sold shares of Helical without filing the required insider reports, which Mr. Black acknowledged contravened section 113 of the Nova Scotia Securities Act. A reporting issuer is company that sells shares to the public and has received a receipt for its prospectus from the Nova Scotia Securities Commission. Under the order and settlement agreement, Mr. Black will pay an administrative penalty of $2,500 to the commission. He will also pay $500 in investigation and proceedings costs. The Nova Scotia Securities Commission is the provincial government agency responsible for regulating trading in securities in the province. To view the order and settlement agreement, visit the website at www.gov.ns.ca/nssc/compliancenforce/enforproceedings.asp .last_img read more

Read More »

Agreement in Principle on Dalhousie UniversityNSAC Merger

first_imgThe province is finalizing a partnership that will position Nova Scotia Agricultural College as an enhanced centre of excellence for applied research and a national leader in agriculture education. The province and Dalhousie University today, March 23, announced an agreement in principle to merge NSAC with Dalhousie in Truro-Bible Hill. “This is a permanent solution that will strengthen NSAC, benefit students and improve the economy of Bible Hill and Truro,” said John MacDonell, Minister of Agriculture. “Government understands the value of agriculture and related industries that help create jobs and maintain strong rural communities. A merger with Dalhousie will help NSAC fulfill its mission as a national and international leader in agriculture research, education and innovation.” Nova Scotia Agricultural College currently has an operating budget of $33.5 million. Dalhousie will receive the $17.1 million in funding for NSAC provided primarily by the Department of Agriculture. NSAC also currently receives $6.8 million in funding for its educational programs through the university memorandum of understanding with the Department of Labour and Advanced Education as well as revenues from other sources, including tuition and fees. The Department of Agriculture will increase its funding by $1.5 million in the coming fiscal year to cover some merger-related costs as well as provide a one-time allocation of $7.5 million over three years for transition costs, such as IT conversion and building maintenance. The effective date of the merger is July 1. NSAC faculty and staff will officially become employees of Dalhousie. Students will enter the merged institution in the fall. “Together our staff, faculty and students will build on the relationships, successes and traditions of each institution,” said Tom Traves, president Dalhousie University. “Students will benefit from new and innovative learning opportunities, industry will benefit from the knowledge and expertise that graduates and research scholars bring with them and we will benefit as this campus attracts students and investment that make our province and our region more competitive around the world.” NSAC will be a faculty within Dalhousie University on a distinct campus. The new Faculty of Agriculture will be led by Harold Cook as campus principal/dean. Dr. Cook, the former dean of the Faculty of Medicine at Dalhousie and a distinguished NSAC alumnus, will begin his duties May 1. A national search will be launched immediately for a full-term campus principal/dean. NSAC employees will move with their collective agreements to Dalhousie University and will stay in the province’s Public Service Superannuation Plan. Future contracts will be negotiated with Dalhousie. The Department of Agriculture, Dalhousie and NSAC will collaborate on the transition until July 1. The merger is also intended to ensure benefits for the Annapolis Valley and Cumberland County. It is an opportunity for Dalhousie and NSAC to partner with Acadia University to capitalize on the Kentville Agricultural Research Station and for spinoffs for the Nappan Agricultural Research Station. The Nova Scotia Agricultural College was founded in 1905, providing Atlantic Canada’s only specialized, advanced programs in agricultural science. It employs about 300 faculty and staff and has enrollment of about 1,000 students.last_img read more

Read More »

NSLC Named Retailer for Cannabis Edibles Extracts and Topicals

first_imgThe Nova Scotia Liquor Corporation (NSLC) will sell cannabis edibles, extracts and topicals when the products become legal later this year. Minister responsible for the Nova Scotia Liquor Corporation Karen Casey announced the retailer will have the mandate for the expanded products today, June 24. “The NSLC has done a good job in preparing and implementing our new retail model as recreational cannabis was legalized across Canada,” said Ms. Casey. “The NSLC has the experience with controlled substances needed to sell additional cannabis products safely.” Health Canada announced the federal regulations regarding the legal production and sale of edible cannabis, cannabis extracts and cannabis topicals on June 14, and the amended regulations will come into force Oct. 17. Due to Health Canada’s 60-day review process for new products, consumers should expect to see products available no earlier than Dec. 16. “I am pleased our shareholder trusts the NSLC to expand our cannabis mandate to offer edible cannabis products to our customers,” said Greg Hughes, NSLC president and CEO. “Preparations will begin immediately to make sure our employees and stores are ready to execute on our new mandate in the same safe and responsible way we retail all our products.” Government will continue to provide education and awareness to the public around the introduction and related risks of cannabis, including edibles, extracts and topicals.last_img read more

Read More »

Budget final vote set for April 4th

The 2019 Appropriation Bill will be presented to Parliament on February 5th. The final vote for the 2019 budget is set to take place on April 4th, the Finance Ministry announced today.The Budget proposal for the 2019 fiscal year will be presented to Parliament on the 5th of March.

Read More »