Cann American Corp (CNNA)

[Hi_Lo]

Case is closed as of May this year, with a default judgement against the defendants.

Just because the court case convicted several people, that doesn't mean the broader investigation is over (especially when some of the people mentioned in the court case continue scamming) - the investigation is continuing ccording to the SEC.

But nice usual pumper attempt at deflection (and deception).

https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25469

The SEC's complaint also names Quebec, Canada entity 9224-3708 Quebec Inc., a/k/a Distributions Bano, and Jason Black of California and/or Georgia, as relief defendants. The SEC seeks the return of ill-gotten gains plus interest, penalties, bars, and other equitable relief. The SEC's investigation is continuing.

Last Reviewed or Updated: May 31, 2023