News Release

Undertakings entered into by Candeo Growth Solutions Inc. and FoodChek Systems Inc.

May 26, 2020

CALGARY – The Alberta Securities Commission (ASC) announced today that it has received Undertakings from Candeo Growth Solutions Inc. (Candeo) and FoodChek Systems Inc. (FoodChek), in which both companies agreed that certain training, procedures and other ongoing requirements to help ensure compliance with National Instrument 45-106 Prospectus Exemptions must be met in order for either company to engage in a distribution of its securities.

The Undertakings are effective as of May 21, 2020. Investors are encouraged to review the Undertakings if they are considering any type of investment in Candeo or FoodChek.

A copy of the Undertakings for Candeo and FoodChek can be found on the ASC website at

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

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Theresa Schroder
Senior Advisor, Communications

ASC Public Inquiries
Toll Free: 1-877-355-4488