Followers | 111 |
Posts | 11523 |
Boards Moderated | 0 |
Alias Born | 06/21/2006 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, March 28, 2014 11:58:42 AM
https://www.goodetrades.com/2014/03/sec-suspends-trading-in-fourth-and-largest-so-far-pot-stock-cann-advanced-cannabis-solutions/
All Categories, All Categories, Fraud, Microcap, SEC actions, Stocks
by Michael Goode
This morning in premarket the SEC suspended trading in Advanced Cannabis Solutions (CANN). CANN joins CDFT, PTOG, and AVNE on the list of marijuana stocks that have been suspended by the SEC over the last month. PTOG reopens for trading tomorrow at the open.
SEC suspension press release
SEC suspension order
Unlike the other marijuana stocks that were suspended for questions over adequacy of disclosures, the SEC suspended trading in CANN because of alleged illegal sales of restricted shares. From the press release:
There are questions regarding whether certain undisclosed affiliates and shareholders of Advanced
Cannabis common stock engaged in an unlawful public distribution of securities. Advanced
Cannabis common stock is dually-quoted on the OTC Bulletin Board and OTC Link.
Trading in CANN will resume at the market open on April 10th, 2014.
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM