CannaRoyalty provided a comment to a staff notice from the Canadian Securities Administrators.
“With this Notice, the CSA has removed uncertainty for investors and paved a concrete path forward for companies like CannaRoyalty,” said Marc Lustig, CEO of CannaRoyalty. “CannaRoyalty has continuously provided an extensive level of disclosure and we are appreciative of the CSA’s endorsement of the disclosure-forward approach the Company has taken since its public launch. We commend the CSA for its balanced and transparent approach to this topic and we expect this guidance to eliminate any persisting rumours regarding the Canadian regulators’ view of issuers with U.S. cannabis assets.”
The Notice also reinforces individual exchanges’ right 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 and reinforced its support in response to the Notice.