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Bullboard - Stock Discussion Forum Affinor Growers Inc C.AFI

Alternate Symbol(s):  RSSFF

Affinor Growers Inc. is a Canada-based vertical farming technology and greenhouse operations company. The Company is a patented technology developer and supplier of turnkey vertical farming facilities, including proprietary greenhouse, growing towers, automation and cultivation processes. It is focused on developing vertical farming technologies and using those technologies to grow fruits and... see more

CSE:AFI - Post Discussion

Affinor Growers Inc > ,,,,,,,,,,,,,,,,Latest BC Securities Commission RULING......
View:
Post by Red_Deer on May 21, 2024 3:24pm

,,,,,,,,,,,,,,,,Latest BC Securities Commission RULING......

This DECISION Likely MAY BE the SAME for Nick Brusatore and AFFINOR ???

IF SO this WOULD BE a GAME CHANGER for ALL of US Holding AFI shares eh !!!

STAY TUNED !!!

 

BCSC bans Blok Technologies for eight years

2024-05-17 20:11 ET - Street Wire

(C-BLK) Blok Technologies Inc

The B.C. Securities Commission has imposed an eight-year ban on Blok Technologies Inc., a former Canadian Securities Exchange listing that misled investors about a $5.4-million financing. The BCSC said that the company failed to disclose that it would not retain most of the money from the financing. It raised the $5.4-million and then paid out $4.4-million to consultants in a process that amounted to a "cheque swap," the BCSC determined.

The penalties for Blok are contained in an administrative decision that the BCSC released on Friday, May 17. The order bars the company from engaging in promotional activities for eight years. The company is also banned from trading in or purchasing securities (a term that is usually used applied to individuals or private entities). The BCSC did not impose any fine, noting the company's inability to pay. The penalties are mostly symbolic, as the company is in the process of being dissolved.

Friday's decision arises from a financing that Blok arranged in 2018, when it was one of several companies promoting blockchain technology. The company said that it had a deal to use blockchain to handle supply chain management in the cannabis industry. Blok had never generated any revenue, and was dependent on raising money to develop its business.

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