1 November 2018
Portfolio management update:
MMJ Group Holdings Limited (ASX: MMJ) ("MMJ") notes that, as part of its active portfolio management approach, it has lodged a notice with the TSX Venture Exchange (“TSX-V” stating its intention to divest up to 5 million of its 48.333 million* shares held in Harvest One Cannabis Inc. (TSX-V:HVT) ("Harvest One"). The notice is a Canadian regulatory requirement as MMJ’s current shareholding of approximately 28% in Harvest One is more than the 20% ownership threshold. Lodgement of the notice permits MMJ to divest the shares at any time at its discretion, either through the TSX-V and/or direct with private buyers, after the expiry of a seven-day notice period.
AzinAsia - I'm just going by the announcement & the Canadian regulation I came across.
If you can't see the relevance then don't worry about it. It's not going to change anything.
Regards
MMJ Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held