The Honourable François-Philippe Champagne, Minister of Innovation, Science and Business, made the next assertion:
“In accordance with the Funding Canada Act, international investments are topic to evaluation for nationwide safety considerations.
“Because of the Authorities of Canada’s multi-step nationwide safety evaluation course of, which includes rigorous scrutiny by Canada’s nationwide safety and intelligence group, the Authorities of Canada, by means of the Governor-in-Council, has ordered the dissolution of the Canadian companies carried on by Bluvec Applied sciences Inc. and Pegauni Know-how Inc., and for these corporations to stop all operations in Canada.
“The federal government’s choices are primarily based on details and proof and on the recommendation of Canada’s safety and intelligence group and different authorities companions.
“Whereas Canada continues to welcome international direct funding, we are going to act decisively when investments threaten our nationwide safety.”
