CANNAINVESTOR Magazine U.S. Publicly-Traded Companies November 2017 | Page 66

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Ecoforming has the ability to change the industry’s framework on its head and seemingly overnight. Since that article was published, the Canadian Securities Administrators (“CSA”) released this bulletin with respect to Canadian list companies with operations and holdings in the US. The TSX immediately announced that subject to any review that they may conduct, any company found in violation could face delisting.

The Canadian Venture Exchange is part of the TSX group (TMX Money Group). The Canadian Securities Exchange (“CSE”) is independent of the TMX Group but is still must ensure its listed companies are operating within compliance. To that end, the CSE released its comments.

The Canadian Index recently ended a 14 day green run on the heels of this news. However, by November 1st the index had more than recovered. For those of you that embraced that well timed strategy recommendation to invest in Canadian companies – well done!