Nutritional High Applauds the CSA’s Reaffirmation of a Disclosure-Based Approach Regarding Issuers With U.S. Marijuana-Related Activities
TORONTO, Feb. 09, 2018 (GLOBE NEWSWIRE) — Nutritional High International Inc. (the “Company” or “Nutritional High“) (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to comment on the Canadian Securities Administrators (the “CSA”) Staff Notice 51-352 (Revised) – Issuers with United States Marijuana-Related Activities.
The CSA has published updated guidance which sets out the disclosure expectations for specific risks facing issuers with marijuana-related activities in the U.S. The revised notice includes additional disclosure expectations that apply to all issuers with U.S. marijuana-related activities and reiterates the CSA’s position that a disclosure-based approach remains appropriate in the current circumstances. The revised notice also reinforces the rights of individual stock exchanges to determine the eligibility of individual issuers to list based on those exchanges’ listing requirements. The Canadian Securities Exchange has repeatedly expressed support for issuers with U.S. cannabis assets.
Jim Frazier, CEO of Nutritional High, commented – “We view this development positively as it provides added clarity regarding our ability to continue to access public capital markets and provide liquidity and an attractive value proposition to our shareholders. Nutritional High is committed to operating with transparency and we maintain the view that the U.S. federal government does not intend to interfere with cannabis operators who adopt that approach.”