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what 1/25 lockup? there is no 1/25 lockup
Tidal Royalty has Rectified Securities and Exchange Act Filing Deficiencies and Expects to Resume Trading on the OTC Markets Promptly Following Approval from FINRA
Toronto, Ontario--(Newsfile Corp. - January 7, 2019) - Tidal Royalty Corp. (CSE: RLTY.U) ("Tidal Royalty" or the "Company"), a leading provider of royalty financing to licensed U.S. cannabis operators, is pleased to report that Tidal Royalty's registration statement on Form 20-F is now effective in the United States and a Form 211 application for a quotation on OTC Markets has been filed with the Financial Industry Regulatory Authority ("FINRA"), which regulates the OTC Markets.
On December 21, 2018, the Company was advised by letter by the Securities and Exchange Commission (the "SEC") that the SEC had completed its review of Tidal Royalty's registration statement on Form 20-F, which has become effective.
The effectiveness of the registration statement on Form 20-F rectifies the filing deficiencies of Tidal Royalty's predecessor entity, subjects Tidal Royalty to continuous disclosure requirements in the United States, and will permit FINRA to reinstate Tidal Royalty's eligibility for quotation on the OTC Markets.
Tidal Royalty is now working with a broker-dealer and FINRA to reinstate Tidal Royalty's quotation on the OTC Markets, and a Form 211 application was filed with FINRA today. Tidal Royalty expects to resume trading on the OTC Markets promptly following approval from FINRA.
The Company filed its initial registration statement on Form 20-F on October 17, 2018, Amendment No. 1 to the registration statement on Form 20-F on November 29, 2018 and Amendment No. 2 to the registration statement on Form 20-F on December 18, 2018. A copy of each of these filings is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
Shareholders seeking to trade their shares of Tidal Royalty may do so over the Canadian Securities Exchange ("CSE"). The CSE publishes a directory of dealers who have access to the trading facilities of the CSE on their website, which is available at https://thecse.com/en/trading/dealer-directory.
Background
Further to Tidal Royalty's press release dated September 11, 2018, the OTC Markets ceased listing Tidal Royalty's common shares under the symbol "TDRYF" as a result of an October 12, 2010 order issued by the SEC revoking the registration of the common shares of a predecessor company to Tidal Royalty, Elkhorn Gold Mining Corp. ("Elkhorn"), for filing deficiencies pursuant to Section 12(j) of the Securities Exchange Act of 1934 (the "Exchange Act"). As a result, broker-dealers in the United States are currently unable to effect transactions in the United States markets under the trading symbol TDRYF. Tidal Royalty's common shares continue to trade publicly on the CSE under the symbol RLTY.U. The effectiveness of the registration statement on Form 20-F rectifies such filing deficiencies and should facilitate the quotation of Tidal Royalty common stock on the OTC Markets.
About Tidal Royalty
Tidal Royalty provides royalty financing to the United States regulated cannabis industry. Led by an executive team with extensive industry experience in Canada and the United States, Tidal Royalty provides operators with the funding they need to grow their business. Operators benefit from non-dilutive capital and investors get top-line access to a diversified portfolio of companies that will form the future of this transformative industry.
For further information, please contact:
Tidal Royalty Corp.
Terry Taouss, President
Email: terry@tidalroyalty.com
This news release contains certain "forward-looking information" that involve a number of risks and uncertainties. Forward-looking information is frequently characterized by words such as "hope", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. Readers are cautioned that forward-looking information contained in this news release is not based on historical facts but instead is based on reasonable assumptions and estimates of management. Forward-looking information contained in this news release includes, but is not limited to: the restoration of trading of Tidal Royalty's common shares on OTC Markets, the timing for the restoration of trading of Tidal Royalty's common shares on OTC Markets, the causes underlying OTC Markets no longer listing Tidal Royalty's common shares under the symbol "TDRYF" and the ability of Tidal Royalty to generate revenue or realize profit through royalty agreements or equity investments with any future investee companies. Forward-looking information contained herein is based on the opinions and reasonable assumptions and estimates of management as at the date hereof and is subject to a variety of known and unknown risks and uncertainties and other factors, many of which are beyond the control of Tidal Royalty, that could cause actual events or results of Tidal Royalty to differ materially from those expressed or implied in the forward-looking information. Such factors include: delays with FINRA's review and approval of the Form 211 application, the nature and extent of regulatory oversight of the SEC, speed of the interactions between the applicable U.S. regulatory authorities, the U.S. regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change, risks relating to anti-money laundering laws and regulation, other governmental and environmental regulation, public opinion and perception of the cannabis industry, risks related to the enforceability of contracts, the requirement by Tidal Royalty to obtain additional financing, the limited operating history of Tidal Royalty, timeliness of government approvals for granting of permits and licences needed by any future investee companies, including licences to cultivate cannabis, the actual operating and financial performance of any future investee company, competition and other risks affecting Tidal Royalty in particular and the U.S. cannabis industry generally, and the risk factors effecting Tidal Royalty disclosed in the listing statement of Tidal Royalty available at www.sedar.com, the registration statement of Tidal Royalty available at www.sec.gov and in periodic securities filings with the SEC and Canadian securities commissions. Because of such risks, uncertainties and other factors, investors should not place undue reliance on the forward-looking information contained herein. Tidal Royalty is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. The foregoing statements expressly qualify the forward-looking information contained herein. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Nothing is PR worthy to a""hole IR. Stock action is beyond hopeless, only red on my usa weed list today. Will keep on gladly switching shares for GTII ones
14. Provide details of any securities issued and options or warrants granted. Security Number Issued Details of Issuance Use of Proceeds(1) Subordinate voting Shares Nil Conversion of Multiple Voting Shares Nil
Too many shares out? 176M fully diluted is fine with me and stock movements today on TRUL and GTII (up 10%) tell you all you need to know...
Kevin is full of it.... he was already telling back in September they wouldnt news release new openings as not being material then they turned back and started releasing them. Now he seems to be imposing again his ridiculous view and backing it with this non sense excuse. Guess Curaleaf didnt hear about the new exchange requirements or maybe they dont have a fool at helm of public communications.
Curaleaf Opens New York State's Newest Medical Cannabis Dispensary In Nassau County
PR Newswire
CARLE PLACE, N.Y., Jan. 4, 2019
No NR on new dispensary and on edibles initiative being first in FL for such product. IR team is beyond hopeless here. Selling a bunch tomorrow for the real deal (GTII)
Dont listen to etailer and all his Million of shares coming unlocked nonsense. There is simply no way for insiders to convert and sell but something like around 1M subordinate shares at this point without breaking Federal laws. Issue has been discussed ad nasueam so dig around if u dont know what im talking about.
Sorry, only for insiders !
Shorts hit piece on LHS : https://t.co/OHwckEA9ql
Etailer you are royally screwed here... Aphria its gonna fold down abd with it SOL and LHS, should have sticken to the proven Florida leader TRUL ...
Total Scam
CURA is down 20% Acreage 15% Harvest 16% is system wide with all USA weed plays, and it makes no sense as the scam dragging down all weed stocks is APHRIA, nothing to with USA assets except for LHS which wanted to be FL competitors to TRUL but hard chance now with DeFrancesco and Vic soon facing jail. Actually pretty good news for TRUL. Stay the curse
Its basically worthless now. Tainted by Aphria, run by crooks like Francesco and George Scorsis and bunch of other guys whose names seem taken out of The Sopranos series. Their pending retail locations look like garbage that they might have self traded into LHS according to a poster. Very much likely seeing all the hanky panky going on at SOL.They wont have the funds now or any edge to fully develop into a competitive dealer in FL. Stick with the leader Trulieve or the multitude of up and coming FL players (GTI GROW- GTII is the best multi state player out there imo).
Ouch cut in half in Canada pre-market
Make that 13.23
Yes, an epic short squeeze going to happen imho
BTW if an insider sells his shares in the market its not called "dilution"! Dilution is creating NEW shares. Selling and bashing what a stand up poster lol Get lost with your BS already
They cant not only cause of the low volume but because company cant have more than 50% of public float common shares in hands of US citizens (which all insiders are) without ceasing to be a private foreign issuer and thus having to file with SEC which would put them in serious trouble as long as weed in Federally illegal. Ive lost count of the times i have explained this but no one seems to understand
Its gonna be real funny when January passes by and they are still waiting for insiders to dump at market which they cant ;D
Shorts gonna get it up the *ss soon...
35 Top Revenue Generating Cannabis Stocks Ranked as of November 15th
https://www.newcannabisventures.com/35-top-revenue-generating-cannabis-stocks-ranked-as-of-november-15th/
Look who is Number 1 :)
Also, cant find Liberty there ;-D
Wait till people find about the mistaken quotes...
TLRY belongs to 11
And TCNNF to 110
Not the other way around :))
They have just 5 or 6 stores right now
Someday maybe...
Liberty's recent quarterly revenue totalled $2.2-million compared with $1.1-million for the previous quarter, a 95-per-cent increase.
Anyway, is this Liberty board now ?
Reputation is key on Medical products companies just saying.... cant remmeber TRUL intoxicating anyone
https://www.theglobeandmail.com/news/national/marijuana-supplier-hid-pesticide-from-inspectors-former-worker-says/article33962026/
Liberty Health Sciences – Management Team & Board
George Scorsis – CEO & Director
20+ Years in CPG working with regulated products
Former President of Mettrum Health Corp building it to a $430M business prior to its acquisition by Canopy Growth Corp
Yes they have first mover advantage
By 2022 as you mention FL most likely will be full rec as well (2020 ballot) and then its a 4-5B mkt and TRUL could be raking in 1B in sales just with FL and MA full rec. All it would take is TRUL grabbing 10% of both markets. Remember those are both limited license seed to sale markets unlike CA or OR where every one and his mother can set up shop....
TRUL projected revenues from their presentation are 300M USD by 2020 and that is only with FL medical, so let see where they land with MA rec going online, CA expansion and whatever they have in store. Last I checked TRUL is in USA with 10 times the population of Canada. So theres only one way that valuation gap between TRUL/WEED or USA/CAN as a whole will go. Too bad by Monday you ll have to pay in the 20s if you want back eh?
So much for "the worlds largest Cannabis company" lmao. Some get it some dont some get to recognize Value when seen and some should take bashing lessons, lmao
Liberty Health Science... isnt that run by George Scorosis, who was Mettrums President, they poisoned with pesticide for a year and then all left with bags full of cash. Good one..
yup.... and 100 is where I plan to peel TRUL whenever it hits Nasdaq/NYSE
Fundamentals matter in the end on weed space, look at TRST today on "great" numbers
Record revenues of $12.6M in Q3 2018, a 105% increase from the comparable prior year period
and a small 400k net earnings
See what TRUL does when it smashes to smithereens those numbers !
one thing is the public float another the fully diluted count, if there was only 11M shares out total diluted I would have sold house wife and kids to go all in lol
lol we all know theres 110M shares fully diluted I never said otherwise, keep up the good detective work!
yes, this is a very well though planned and run company it looks to me. From the capital structure to the expansion plans etc
or to put it easier: It was their PRIVATE co!!! what are you? a Commie? lmao
fuck it im buying more here
just some plain stupid point been made around here. Give or take TRUL IPOed at 6 valuing it around 600M CAD which looks more than fair to me. Management decided to publicly sell only around 10% for 65M give or take. They signaled they could expand the company with that money. They only spent 8M on MA and CA licenses/dispensaries so looks like they are doing a good job. Yet some folk comes around saying how much they should have raised or how much shares held. Ridiculous
yes i did post it before, just browse through my previous posts, then look what country are all insiders from and size of their holdings and do the math.
Interpretations relating to determining “foreign private issuer” status of an issuer
Companies that qualify as a “foreign private issuer” benefit from many special exemptions under the US securities laws. Among other things, foreign private issuers are not required to file quarterly reports on Form 10-Q or current reports on Form 8-K, are exempt from Section 16 beneficial ownership reporting and short swing profit rules, are exempt from the US proxy rules, benefit from relaxed tender offer rules, are not subject to the detailed compensation disclosure rules, can file financial statements prepared in accordance with IFRS as adopted by the International Accounting Standards Board or, if reconciled to US GAAP, local GAAP or non-IASB IFRS, are exempt from Regulation FD, and have a later deadline to file their annual report (on Form 20-F) than domestic companies. In addition, Regulation S (the securities law exemption for sales of securities outside the United States) provides greater flexibility in some aspects for foreign private issuers compared to domestic issuers.
In order to obtain these benefits, a company must satisfy the definition of “foreign private issuer” contained in the US securities laws. The SEC rules define a foreign private issuer as any corporation or other organization incorporated or organized under the laws of a foreign country (other than a foreign government), unless both of the following two tests are met as of the last business day of the issuer’s most recently completed second fiscal quarter (or, for a first time registrant, within 30 days of filing an initial registration statement with the SEC):
Shareholder Test: more than 50 percent of the outstanding voting securities of the issuer are directly or indirectly owned of record by “US residents”; and
Business Contacts Test: any of the following apply:
the majority of the executive officers or directors are “United States citizens or residents”; or
more than 50 percent of the “assets of the issuer are located in the United States”; or
the business of the issuer is “administered principally” in the United States.
http://knowledge.freshfields.com/m/Global/r/1768/sec_issues_interpretations_for_determining__foreign
they cant and wont sell on thr open market. Those shares will be bought by institutions once they can get their hands on USA weed operators (with Fed decrim)
etailer thinking process and lack of understanding of foreign private issuer / Federal illegality issue seems beyond hopeless.To leave it where its at seems best option. To each its own!