FINRA Denies Cannabis Sativa Dividend / Forward Stock Split
MESQUITE, NV / ACCESSWIRE / August 8, 2016 / Cannabis Sativa Dividend – Cannabis Sativa, Inc. (CBDS) announced today that the Financial Industry Regulatory Authority, Inc. (FINRA) denied the CBDS application for a 1.5 share dividend for each share of common stock outstanding, record date November 16, 2015, as previously approved by the company. The Company’s President David Tobias stated, “We are disappointed in FINRA’s decision to deny this dividend. We are also disappointed that our shareholders had to experience this delay and ultimate denial from FINRA”.
This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows.
If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Underlying assumptions include without limitation, the ongoing enactment of legislation favorable to the production of and the commercialization of cannabis products and the Company’s success in capitalizing on that legislation. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Mesquite, NV 89027