Recently the Canadian Securities Administrators (“CSA”) have issued a staff notice regarding Canadian issuers that have, or are currently in the process of developing, exposure to cannabis-related activities in U.S. states that have legalized such activities. This notice may have caused some concern among our shareholders as cannabis remains illegal under U.S. federal law.
Management would like to take this opportunity to clarify that Matica’s cannabis related activities are exclusively in Canada. All of Matica’s cannabis projects and proposed future projects are and will be in Canada for the foreseeable future. Should the status of legal cannabis change under U.S. federal law, management may review its current policy.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman