Ontario government defends $2-million in grants given to company accused by OSC of issuing misleading press releases


Source: theglobeandmail.com theglobeandmail.com

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Ontario Minister of Economic Development Vic Fedeli gives remarks during a press conference in Brampton, Ont., on Feb. 15. Fedeli said Thursday that the company formally known as Facedrive Inc. received $2.1-million of the grant from the Ontario Together Fund.Christopher Katsarov/The Canadian Press Ontario’s Economic Development Minister says a company that has been accused by the Ontario Securities Commission of issuing misleading press releases about its COVID-19 contact-tracing bracelets received more than $2-million in government funding because it “continued to meet their metrics” laid out by the ministry. The company, formerly known as Facedrive Inc., secured a $2.5-million grant from...