CSA Reconfirms Guidelines for Canadian Pubco's with U.S. Cannabis Operations | CashCropToday
0 Shares 155 Views

CSA Reconfirms Guidelines for Canadian Pubco’s with U.S. Cannabis Operations

February 9, 2018
155 Views

The Canadian Securities Administrators (CSA) have reconfirmed their expectations for Canadian Public Companies that currently own or fund U.S. cannabis operations.

Read the Full Disclosure Here

Earlier this year Jeff Sessions, the US Attorney General, rescinded the Cole Memorandum, an Obama era policy that advised the Federal U.S. Government to not interfere with legal cannabis states. In light of this, the CSA is requiring Canadian companies to disclose any and all information on any U.S. based owned cannabis assets.

Louis Morisset, CSA Chair and President and CEO said, “Today’s notice also follows CSA staff’s consideration of the rescission of the Cole Memorandum and our conclusion that a disclosure-based approach remains appropriate in the current circumstances.

The CSA will continue to provide updates into the matter.

Aphria Sells off U.S. Cannabis Assets
Pressure from the Canadian Securities Administrators is causing public companies like Aphria Inc. (TSE: APH) to begin to sell off their investments into United States cannabis operations.

Aphria recently announced an agreement with Liberty Health Sciences Inc. (CSE:LHS) (OTC:LHSIF) to sell its ownership of Copperstate Farms, LLC. and Copperstate Farms Investors, LLC., an Arizona cannabis cultivation, for $20 million US dollars. Changing ownership in the deal is a 340,000 sq. ft. greenhouse cultivation facility, previously owned by Aphria.

You may be interested

Green Growth Brands Debuts on CSE Under Symbol “GGB”
CCT Voice
9 views
CCT Voice
9 views

Green Growth Brands Debuts on CSE Under Symbol “GGB”

Editor - November 13, 2018

Green Growth Brands has announced this morning that their company has debuted on the Canadian Securities Exchange (CSE) under the ticker symbol “GGB.” The company is financially…

Green Thumbs Industries to Acquire Integral Associates Assets for $290M
Manufacturing
8 views
Manufacturing
8 views

Green Thumbs Industries to Acquire Integral Associates Assets for $290M

Editor - November 13, 2018

Green Thumbs Industries (CSE: GTII) (OTCQX: GTBIF) has announced this morning that the company has signed an agreement to acquire Integral Associates. The company’s assets are being…

MariMed Enters Strategic Partnership with Hemp CBD Producer GenCanna
Market Watch
36 views
Market Watch
36 views

MariMed Enters Strategic Partnership with Hemp CBD Producer GenCanna

Editor - November 12, 2018

MariMed Inc. (OTCQB: MRMD) has announced this morning that the company has created a strategic partnership with GenCannaGlobal Inc. Under the terms of the agreement the two companies…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: