Liht Cannabis Corp. removed from BCSC Temporary Orders

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KELOWNA, BC, Jan. 18, 2019 /CNW/ – Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) (“Liht”) or the “Company”) is pleased to announce that the temporary orders issued from the British Columbia Securities Commission (“BCSC“) on November 26, 2018 have not been extended against Liht.

 

As previously announced, the Company was named as a respondent in temporary orders issued by the executive director of the BCSC in connection with distributions to certain individuals connected to the BridgeMark Group. The respondents named in the temporary orders were restricted from purchasing and distributing securities in reliance on the consultant exemption to distribute securities without a prospectus. The executive director of the BCSC sought an extension of the temporary orders pending the conclusion of the BCSC’s investigation into the respondents’ reliance on the consultant exemption. On Dec. 7, 2018, the BCSC held a hearing to consider the extension request and, on Jan. 15, 2019, the BCSC issued a decision approving the extension request in the case of certain of the respondents. As a result of the decision, Liht is no longer subject to the temporary orders or the terms of the extension request.

The BCSC’s investigation is continuing. Liht will continue to co-operate with the BCSC in its investigation.

Emerald contributor since March 2012

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