1933 Industries Inc C.TGIF

FROM BNN no thumbs up for the first one

[jfogarty12]

CSE to set up new tier for bigger issuers amid hope of boosting trade volumes for U.S. pot companies

The Canadian Securities Exchange, home to many publicly-traded U.S. cannabis companies, plans to establish a new tier for companies that adhere to stronger disclosure and governance standards that could help boost trading volume on the junior exchange. To qualify under the CSE's new senior tier, companies will have a smaller window of time to report quarterly financial information and audited statements and will face stricter oversight of disclosed materials and improved governance procedures such as larger boards, CSE Chief Executive Officer Richard Carleton told BNN Bloomberg. The changes now head to a 60-day public consultation process but it will likely be cheered by many U.S. pot companies who have seen far lower trading volumes than their Canadian counterparts on other exchanges.