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Spyder Cannabis Inc. V.SPDR

Spyder Cannabis Inc is a cannabis retailer. The company is engaged in selling electronic cigarettes, cannabis supplies, Ejuice, and accessories for the vape business.


TSXV:SPDR - Post by User

Comment by aurumtraderon Sep 06, 2019 1:21pm
108 Views
Post# 30102986

RE:Trading Halt..

RE:Trading Halt..You can review trading Halts & Resumptions for Canadian stocks here:

https://www.iiroc.ca/news/Pages/Halts-Resumptions.aspx

Per review of the halt, it was "At the Requedt of the Company pending News". This typically means that a material event has occurred. Material being that the market could be significantly effected by the release of this information so the halt is requested. 

While it can mean a positive AND negative material event, most times, this either relates to a significant private placement or debt financing, sale of the company or significant sale of assets, change of an insider ownership (such as a fund selling off a large block of trades during normal market hours) and regulatory items. 

Curious to see what it is as well. Here's hoping its positive! Market cap of only ~ $3 million makes it a good takeover target due to their retail operations.

-GLTA
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