A material change statement informs prospective investors of changes in your co-op’s financial position that may influence their decision to invest. It must be filed within 30 days of any change.

Material changes could include:

  • The signing of a long-term sales contract
  • Significant, unexpected costs to replace equipment
  • The sale of a large portion of assets
  • The purchase of new assets
  • A major shifts in sales
  • A substantial rise in production costs
  • Variations in wholesale cost


Transactions are not deemed as “material changes” if they affect:

  • Gross revenue or sales by less than $20,000
  • Net income or loss by less than $10,000

For more information on material change statements, see subsections 35(4), (5), (6) of the Act and Section 12 of the regulations.