SEC Suspends trading in Cannabusiness Group $CBGI

This morning in premarket the SEC suspended trading in Cannabusiness Group (CBGI). It joins PHOTCDFTPTOGAVNE, 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.

 

cbgi

 

Disclaimer: No position in any stock mentioned above. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

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