GRN Holding Corp (GRNF)

[DWillie]

Just read this thoroughly and then evaluate if they can uplist or not. My opinion is no, as long as GRN Holdings reports revenue from MJ companies. The TSX spells it out pretty clearly, and the big boards pretty much mirror this thinking. The point of contention which would prohibit uplisting is if GRN Funds has equity stakes in MJ companies. I'm pretty sure they do since JC said in the first shareholder meeting they were listed as an MRB, marijuana-related business.

https://www.sec.gov/Archives/edgar/data/1633061/000161577419010058/s119255_exq-2.htm

According to the Bulletin, companies listed on TSX Venture with ongoing business activities that violate United States federal law regarding marijuana do not comply with the requirements of TSX Venture. These business activities may include, among other things:

(i) direct or indirect ownership of, or investment in, Subject Entities; (ii) commercial interests or arrangements with Subject Entities that are similar in substance to ownership of, or investment in, Subject Entities; (iii) providing services or products that are specifically designed for, or targeted at, Subject Entities; or (iv) commercial interests or arrangements with entities engaging in the business activities described in (iii).

Of course, GRN could choose to divest of those MJ holdings and go with the rest of it if they plan to uplist soon. But I don't think they do that. I think they wait it out until the SAFE Banking Act is passed or MJ is descheduled federally. Either of those could happen within 5 years, which is not long in the scheme of things. And SAFE may pass this year if the Senate isn't busy with impeachment BS.