The Issuer, board of directors and its advisors have adopted and started the registration as a Closed Ended Fund to be able to consolidate positions in public companies within the cannabis sector and will permit the company to book its numbers to provide transparency for new and existing investors.
The company will request for Unlisted trading privileges (UTP) with the registration of the Closed Ended Fund as determined by the Securities and Exchange Commission (SEC) in the Exchange Act, and the UTP Act of 1994, were developed in order to ease trading in securities across markets, allowing an exchange's members more flexibility in trading can help improve capital flows to be listed with a primary exchange, such as the Amex, NYSE or Nasdaq.
Closed Ended Funds come in many varieties. They can have different investment objectives, strategies, and investment portfolios. They also can be subject to different risks, volatility, and fees and expenses. This Closed Ended Fund will be specific to the Cannabis sector as a whole.
The Issuer due to the registration as a Closed Ended Fund is currently reorganizing its internal structure and disclosures to meet and accommodate the newly adopted direction. This is being conducted by the Issuers consultants and attorneys.
ENOUGH with the talk! let's see some actual results!