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 overview for nationwide safety issues.
“On account of the Authorities of Canada’s multi-step nationwide safety overview course of, which includes rigorous scrutiny by Canada’s nationwide safety and intelligence group, the Authorities of Canada, by way of the Governor-in-Council, has ordered the dissolution of the Canadian companies carried on by Bluvec Applied sciences Inc. and Pegauni Expertise Inc., and for these corporations to stop all operations in Canada.
“The federal government’s choices are primarily based on info 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.”
