It would depend on how the transaction is structured. Again, I think that Canada has broader jurisdiction with certain assets, sales or greenfield transactions. If there were an investment into an operating company, which is a pretty low standard, if it had permits or if it had undertaken any development, then it could be covered. If it were a pure asset purchase, CFIUS would likely not have jurisdiction. Again, it's about facts and circumstances. That's the general answer.
On May 29th, 2023. See this statement in context.