LIHT NEWS
Liht Cannabis Corp. removed from BCSC Temporary Orders
January 18, 2019
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) (“Liht”) or the “Company”) is pleased to announce that the temporary orders issued from the British Columbia Securities Commission (“BCSC”) on November 26, 2018 have not been extended against Liht.
As previously announced, the Company was named as a respondent in temporary orders issued by the executive director of the BCSC in connection with distributions to certain individuals connected to the BridgeMark Group. The respondents named in the temporary orders were restricted from purchasing and distributing securities in reliance on the consultant exemption to distribute securities without a prospectus. The executive director of the BCSC sought an extension of the temporary orders pending the conclusion of the BCSC’s investigation into the respondents’ reliance on the consultant exemption. On Dec. 7, 2018, the BCSC held a hearing to consider the extension request and, on Jan. 15, 2019, the BCSC issued a decision approving the extension request in the case of certain of the respondents. As a result of the decision, Liht is no longer subject to the temporary orders or the terms of the extension request.
The BCSC’s investigation is continuing. Liht will continue to co-operate with the BCSC in its investigation.
ABOUT LIHT CANNABIS CORP.
www.lihtcannabis.com
Liht Cannabis Corp. is a publicly traded company investing in the medical and recreational cannabis space, since 2014. Liht has rapidly expanded to include cultivation, production and dispensary locations in the key North American states of Washington, Nevada, and California, and are seeking expansion opportunities worldwide.
FOR FURTHER INFORMATION:
www.lihtcannabis.com
or Linda Sampson, President & COO linda@lihtcannabis.com
778-583-4476
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