The ongoing pandemic has highlighted the gaps in current air passenger regulations, said the minister. He added that the existing framework did not foresee such large-scale flight cancellations or groundings of air carrier fleets across the world.
* Canopy Growth (TSX:WEED) To Increase Stake In TerrAscend, Dissolve Stake In Canopy Rivers (TSX:RIV)
Canopy Growth announced that it has entered into an agreement with its subsidiary The Tweed Tree Lot Inc., Canopy Rivers Inc. (TSX:RIV), and its subsidiary Canopy Rivers Corporation. As per the deal, Canopy Growth will fully withdraw its ownership in Canopy Rivers, which is currently at a 27 percent stake, nearly 84 percent of voting rights. Canopy Rivers will receive a cash payment of C$ 115 million and 3.75 million shares in Canopy Growth.
Ontario To Enforce Complete Lockdown Down From Christmas Eve
The Ontario government is prepared to declare a comprehensive lockdown of non-essential services. The shutdown will commence at 12:01 am on December 24, as per the media reports. The duration of the lockdown is yet to be confirmed.