The Honourable François-Philippe Champagne, Minister of Innovation, Science and Trade, 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 entails rigorous scrutiny by Canada’s nationwide safety and intelligence neighborhood, 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 Know-how Inc., and for these corporations to stop all operations in Canada.
“The federal government’s choices are based mostly on info and proof and on the recommendation of Canada’s safety and intelligence neighborhood and different authorities companions.
“Whereas Canada continues to welcome international direct funding, we’ll act decisively when investments threaten our nationwide safety.”