Reasons and Decision: In the Matter of Blackwood and Rose Inc. et al.

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED

- AND -

IN THE MATTER OF
BLACKWOOD & ROSE INC., STEVEN ZETCHUS and JUSTIN
KRELLER (also known as JUSTIN KAY)

REASONS AND DECISION
(Section 127 of the Securities Act)

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