I need more data, but from what is made public, this looks troubling, and I want to float it:
WA Grains & Pulse Solutions: Canadian grain buyer/dealer. Operates 6 locations across Alberta and Saskatchewan.
The Canadian Grain Commission (CGC) has suspended their license as of yesterday, 4/20. They are prohibited from selling stocks in store, accepting producer deliveries, and contracting new grain sales.
Reason why is not stated explicitly, but CGC implies insufficient capital to continue operating: “I can’t get into that, only to say at this point we want to give them a chance to manage their finances and they have nine days to do so,” Gosselin said. “April 30 we will decide if their licenses are reinstated or revoked. There is justifiable cause for us to take the actions we did,” he said. “We need to have assurance that they will be able to meet their assurances of licensing beyond April 30. I’ll just leave it at that.”
I was contacted by folks within WA to say something is very wrong with the way operations are being halted — they are unable to speak further as the audit is still in progress.
Keep an eye on this — why is #Canada pulling licenses from grain companies, and shutting them down?
https://www.country-guide.ca/daily/cgc-suspends-w-a-grains-licenses-to-month-end/
WA Grains & Pulse Solutions: Canadian grain buyer/dealer. Operates 6 locations across Alberta and Saskatchewan.
The Canadian Grain Commission (CGC) has suspended their license as of yesterday, 4/20. They are prohibited from selling stocks in store, accepting producer deliveries, and contracting new grain sales.
Reason why is not stated explicitly, but CGC implies insufficient capital to continue operating: “I can’t get into that, only to say at this point we want to give them a chance to manage their finances and they have nine days to do so,” Gosselin said. “April 30 we will decide if their licenses are reinstated or revoked. There is justifiable cause for us to take the actions we did,” he said. “We need to have assurance that they will be able to meet their assurances of licensing beyond April 30. I’ll just leave it at that.”
I was contacted by folks within WA to say something is very wrong with the way operations are being halted — they are unable to speak further as the audit is still in progress.
Keep an eye on this — why is #Canada pulling licenses from grain companies, and shutting them down?
https://www.country-guide.ca/daily/cgc-suspends-w-a-grains-licenses-to-month-end/