Expansion into Canada

ITV Ventures is proceeding with its entry into Canada (as well as other countries the world over). For the past few months their legal team has been diligently working behind the scenes to make this happen.

Here is a brief summary of what has been taking place.

1. “Health Canada” and Product Approvals: Any health product sold in Canada must be pre-cleared with Health Canada (the Canadian equivalent of the American Food and Drug Administration). To date ITV Ventures has finished the applications for 95% of the products, and they anticipate clearance on these products shortly. They have also engaged a translator service and graphic designers to prepare Canadian product labels (English and French are both required on labels).

2. Competition Bureau and Compensation Plan: Before any multi-level marketing plan can enter the Canadian market, it must first submit and attain a favorable opinion on its compensation plan and business structure from the Competition Bureau of Canada. This is an extremely lengthy process that is further complicated by the 13 different sets of federal and provincial regulations the compensation plan must additionally satisfy. To date, they have dealt with all significant issues and report that they are approximately 90% of the way there and anticipate submission to the Competition Bureau shortly.

3. Future activity: ITV Ventures is also dealing with shipping, intellectual property, company registration and border/tariff issues. They are engaging a team of highly-skilled executives across the board in Beverly, California, and in Canada to help implement the Canadian operations.

So things are moving, slowly but surely, towards a successful launch of ITV Ventures in Canada.