The Buyer acknowledges that the use of the property and buildings and structures thereon may have been for the sale, distribution, cultivation, propagation or harvesting of cannabis or cannabis plants in accordance with the provisions of the Cannabis Act, S.C. 2018 c. 16 and the provisions of the Cannabis Control Act, S.O. 2017, c. 26 both, as amended from time to time, and acknowledges that the Seller makes no representations and/or warranties with respect to the state of repair of the premises and the Buyer accepts the property and the buildings and structures thereon in their present state and in an “as is” condition.
Acknowledgement · Source: OREA Clause Booklet 2026, CANNABIS-1, page 24
The Seller represents and warrants that during the time the Seller has owned the property, the use of the property and the buildings and structures thereon has not been for the sale, distribution, cultivation, propagation or harvesting of any cannabis or cannabis plants within the meaning of the Cannabis Act, S.C. 2018 c. 16 and the provisions of the Cannabis Control Act, S.O. 2017, c. 26 both, as amended from time to time, and that to the best of the Seller’s knowledge and belief, the use of the property and the buildings and structures thereon has never been for the cultivation, propagation or harvesting of any cannabis plants within the meaning of the Cannabis Act, S.C. 2018 c. 16 and the provisions of the Cannabis Control Act, S.O. 2017, c. 26 both, as amended from time to time. This warranty shall survive and not merge on the completion of this transaction.
Chattels, Fixtures & Equipment that are included in the Purchase Price should be described accurately. It is necessary to differentiate between those that are owned by the Seller and those that are rented. Where rentals are involved they may be part of a lease to own and or a service contract, the details of which would be important to a prospective Buyer.
Care must be taken to include both accurate and detailed descriptions of chattels, fixtures and equipment together with confirmation that the Buyer has received sufficient disclosure of such information respecting the chattels, fixtures and equipment to permit the Buyer to make informed decisions.
Warranty · Source: OREA Clause Booklet 2026, CANNABIS-2, page 24