Replies to post #2240 on InMed Pharmaceuticals Inc (INM)

[lesgetrich]

My background is in US Securities and I'm not that familiar with Canadian regulations, but, from what I can tell, it eases reporting requirements for issuing new stock for companies that qualify. Before a company can issue new shares to the public, it has to file a prospectus. This allows InMed to use what might be described as a summary prospectus. It doesn't require that they issue any new stock but...

In order to qualify to file a short form prospectus , an issuer will be required to file a notice of intention at least ten business days prior to filing its first preliminary short form prospectus under the New Instrument. Once filed, the notice remains effective in respect of all subsequent short form offerings until it is withdrawn by the issuer.

CSA to Allow Easier Access to Short Form Offering System

If there are any Canadian Security experts on the board I would welcome any corrections or additional comments.