In Canada, public companies must disclose what they pay their auditors across four categories, which include audit fees, audit-related fees, tax-related fees, and other fees. These disclosures, including management circulars, are publicly available on SEDAR, an electronic filing system for Canadian companies.
"Lots of investors in cannabis companies are retail investors who may not have access or know where to find this information," said Miller.
Because of that, auditors have to spend more time — and thus can charge higher fees — for working with cannabis companies.
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