This morning in premarket the SEC suspended trading in Cannabusiness Group (CBGI). It joins PHOT, CDFT, PTOG, AVNE, and CANN on the list of marijuana stocks that have been suspended by the SEC this year. CBGI will reopen for trading at the market open on Wednesday, May 21st.
SEC suspension press release (PDF)
SEC suspension order (PDF)
From the SEC press release:
The Commission temporarily suspended trading in the securities of CBGI because of
questions that have been raised about the accuracy and adequacy of publicly disseminated
information concerning, among other things, the company’s operations.
The Commission acknowledges FINRA’s assistance in this matter.
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