Debra BorchardtOctober 25, 2022
SEC claims years of misleading statements from the CEO.
Tag: SEC
Debra BorchardtOctober 25, 2022Debra BorchardtOctober 25, 2022
Chief Commercial Officers charged with aiding and abetting.
Adam JacksonOctober 5, 2022
One World Products (OTCQB: OWPC), a fully-licensed hemp and cannabis producer in Colombia — owned by former Detroit Pistons point guard Isiah Thomas — is one step closer to commercialization. The company received its second round of funds from its recent $10 million financing deal to help scale industrial hemp operations and work its way […]
Debra BorchardtOctober 3, 2022
Elegance Brands, Emerald Health Pharmaceutical, and High Times are the stocks included in the stock promotion scheme.
John SchroyerSeptember 6, 2022
The suit alleges that Kris Swaffer and Sean Williams "knowingly or recklessly committed securities fraud" for their own gains.
Debra BorchardtAugust 26, 2022
The SEC is suing cannabis company C3 International's business development officer for lying to investors.
Debra BorchardtJanuary 25, 2022The U.S. Securities and Exchange Commission (SEC) scored a big W this week when a California federal judge ordered cannabis investment firm VerdeGroup to pay more than $1 million in civil penalties, disgorgement, and interest. Law360 reported the final judgment was issued on January 20, 2022, and the defendants have 14 days to pay the […]
Debra BorchardtDecember 21, 2021
How does one make $11 million when the company records less than $10,000 in revenue for a year? Apparently by pumping and dumping the stock says the SEC (Securities and Exchange Commission). The SEC is opposing an attempt by HempAmericana (OTC: HMPQ) to have its complaint dismissed. Hemp Americana HempAmericana was incorporated in 2014 with […]
Debra BorchardtSeptember 28, 2021The Securities and Exchange Commission has filed a lawsuit against Wyoming-based VerdeGroup Investment Partners, Inc. and its principal Thomas Gaffney (Gaffney), who is a repeat securities fraud offender. The SEC also included the company’s investor relations contact, Lisa Gordon. They are accused of raising more than $600,000 from over two dozen investors for a cannabis […]
Debra BorchardtAugust 4, 2020A cautionary tale for cannabis companies and the Securities & Exchange Commission (SEC) was laid bare last week when the Central District of California filed a $25 million complaint against nine defendants. The group raised money from investors by selling the unregistered stock for the purpose of funding a marijuana farm in Salinas California. The […]
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