Just a word of warning. This article is from a cannabis centric web site but if the narrative gets picked up by mass media, the short term bearish trend on all these MJ names could return short term. The timing is not good for CMED holders. I tendered 50% of my shares and now have sold my free trading shares. I'm very tempted to untender my tendered 50% of shares to sell them.
Having shares locked up for two weeks (or more?) during the conversion is not something that seems too great on the short term... The timing is less than ideal.
Position your trades accordingly.
https://www.leafly.com/news/canada/canada-is-ready-to-break-three-international-treaties-to-legalize-cannabis If I was a conservative Senator, honoring our UN treaties would be the angle I would use to make the Liberal Government look like a bunch of fools. Why haven't they provided the UN with the required 1 year notification?
"To withdraw from the treaties, a country must give the UN notification a year in advance—so Ottawa would have had to give notice last July in order to withdraw from the treaties before July 2018, the date the Trudeau government has set for legalization of recreational cannabis.
Some legal experts believe Canada should abide by the terms of the treaties, even if it means delaying legalization to allow enough time for withdrawal, while others say that’s not necessary. But all agree the federal government needs to address this issue — something it hasn’t yet done.
Steven Hoffman, a professor in the Faculty of Health and Osgoode Hall Law School at York University in Toronto, is an advocate for the legalization of recreational cannabis, believing its criminalization has had negative legal and health consequences. He also believes the UN treaties are outdated and “not reflective of current science.” But he feels strongly that Canada shouldn’t violate them."
Following the rule of law is what civilizations are all about.
“International law is not an esoteric doctrine. It’s not faraway thing that only nerdy academics think about,” he told Leafly. “It governs international interaction at almost every level, from mailing holiday cards to the functioning of the internet. If we undermine international law it takes away from our credibility as a country—and it becomes politically more difficult to criticize other countries for violating international law.”
Canada should legalize recreational cannabis without violating international law, he said, which would require Ottawa to withdraw from the treaties then wait a year for legalization. He added that Canada could withdraw from the treaties and rejoin after legalization, declaring that it accepts the general concepts of the treaties except in their application to cannabis."