Toronto stock exchange plans review and still may delist some pot stocks. The Canadian Securities Administrators set out “specific disclosure expectations” for marijuana industry firms with investments in the U.S., offering much-anticipated clarity for companies that operate on both sides of the border.
The umbrella organization for Canada’s provincial and territorial securities regulators put out a staff notice, saying that cannabis companies must tell investors about certain risks when they invest south of the border — where growing and selling marijuana remains illegal under federal laws.
That includes disclosing the legal regime and limitations a company faces in the U.S. jurisdictions where it operates, as well as the potential fallout if the legal landscape for marijuana changes.
On the same day, TMX Group Limited, operator of the Toronto Stock Exchange, said it may move to delist stocks o
CBC News – Oct 16, 2017.
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