Canada is also the world leader in having lax policies on enforcement against stock fraud and other financial crimes.
You have to wonder, why Canada is so gung-ho about cannabis. One thing that sticks out to me is just how many political folks are involved in these companies, who are making boatloads of money.
Perhaps this is more about moving political cash around, than it is about social justice or the will of the people.
If it wasn’t for the Canadian penny-stock markets turning a blind eye from outrageous misbehavior, much of the “big cannabis” bubble would’ve been avoided, and millions of people wouldn’t have lost $$$Billions to short-sellers and the pockets of the executives of these clumsy, clunky, giant Frankenstein cannabis companies.
In fact, the Canadian “enforcement” agencies themselves admitted that they discovered many instances of insider and related transactions which these PubCos failed to disclose to their shareholders.
This loosely translates to: many public cannabis companies used the Canadian Stock Exchange (CSE) and the Toronto Stock Exchange (TSX) to gain access to the vulnerable public, sell them a dream, and then effectively steal some of the money away to side businesses which the executives themselves own.
I think people will end up in prison.
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