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Bullboard - Stock Discussion Forum Players Network Inc PNTV

Players Network through its subsidiary holds Nevada state-issued medical and recreational cultivation and production license(s). The company primarily engages in the growing marijuana and create extracts which are used for cartridges, oils, and edibles. It also owns a social network and lifestyle channel called WeedTV.com that aims at creating a network for the company within the marijuana... see more

GREY:PNTV - Post Discussion

Players Network Inc > How do I purchase US based OTC stocks
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Post by indaknownewfie on Jan 28, 2017 4:06pm

How do I purchase US based OTC stocks

New to trading . How do I purchase US OTC stocks. I have a Canadian itrade account and are there any tax implications because i want in on this play
Comment by Nelly15 on Jan 28, 2017 4:13pm
You have to phone in and talk to an itrade rep to place a trade. They only charge you the same amount for the trade as is would cost to do it online. Because it is an OTC pink stock unfortunately you have to call in. The taxes (capital gains) will be the same as any cash trading account. To bad we can not buy this stock through our TFSA...
Comment by indaknownewfie on Jan 28, 2017 4:38pm
Thanks I really appreciate it. Do you have to file any paperwork with the IRS or anything crazy like that? 
Comment by Nelly15 on Jan 28, 2017 7:31pm
If you are a Canadian no you don't, but I can't answer that question for Americans..
Comment by Nelly15 on Jan 28, 2017 7:33pm
Judging by your name you are most definitely a Canadian lol. As am I...
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