RE:CSA opens floodgates to more USA Listings "Great News"did u wrote the first 2 paragraph yourself?
Monteviale wrote: In a surprise move the CSA has outlined the rules necessary for Canadian based companies to do business in the United States.
The CSA has finally set out specific disclosure requirements for marijuana firms with US investments. Not only is this great news for Canadian listed companies already doing business in the USA, but it will also provide clarity for Canadian listed companies wanting to do business in the USA.
"We expect issuers with marijuana-related activities in the U.S. to address the current legal and regulatory environment in their disclosures, including any risks that result from changes in the approach to enforcement of U.S. federal law," said Louis Morisset, CSA Chair and President and CEO of the Autorit des marchs financiers.
By putting out a staff notice, the CSA which is the umbrella organization for Canada's provincial and territorial securities regulators have clearly indicated taht Canadian listed companies will be allowed to do business in the USA by disclosing all risks to investors.
There is expected to be a surge of Canadian companies that wanted to do business in the USA that will now be able to do so under the new rules because as long as you make complete disclosure of the risks you wont run into conflict with regualtors. Only those companies that don't fully disclose the risks to their investors will be subject to further sanctions by trading commisions.