CANNAINVESTOR Magazine March / April 2017 - Page 182

Emblem Corp. Enters into Advisory Agreement with Spinnaker Capital Markets Inc.

Emblem Corp. (the "Company") (TSX VENTURE:EMC) announced appointment of Spinnaker Capital Markets Inc. ("Spinnaker") as its capital markets and investor relations advisor.

Spinnaker's mandate will focus on developing and expanding the network of investors, analysts, and financial intermediaries who are interested in following the Emblem Corp. growth and investment story. The agreement is for an initial term of three months from February 1, 2017 to April 30, 2017, and provides for a full range of investor relations services for a monthly fee of $8,500. The agreement is subject to the acceptance of the TSX Venture Exchange.

Canadian Liberals to announce marijuana will be legal by July 1, 2018

CBC News has learned that the federal government will announce the week of April 10 that new legislation will make the sale of marijuana legal by July 1, 2018.

CBC News has learned that the legislation will be announced during the week of April 10 and will broadly follow the recommendation of a federally appointed task force that was chaired by former liberal Justice Minister Anne McLellan.

Bill Blair, the former Toronto police chief who has been stickhandling the marijuana file for the government, briefed the Liberal caucus on the roll-out plan and the legislation during caucus meetings this weekend, according to a senior government official who spoke to CBC News on condition of anonymity.

The federal government will be in charge of making sure the country's marijuana supply is safe and secure and Ottawa will license producers. But the provinces will have the right to decide how the marijuana is distributed and sold. Provincial governments will also have the right to set price.

While Ottawa will set a minimum age of 18 to buy marijuana, the provinces will have the option of setting a higher age limit if they wish.

As for Canadians who want to grow their own marijuana, they will be limited to four plants per household.

Legalizing marijuana was one of the more controversial promises Justin Trudeau made as he campaigned to become prime minister.

Trudeau's promise to legalize marijuana was seen as one of the reasons for the Liberals' strong showing among youth voters in the 2015 election.

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