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Sunrise firm said it was close to growing medical weed in Africa. The SEC charged it with misleading investors.

Summary by Sun-Sentinel
Two South Florida men are in hot water for promoting their company's stock with reports of securing "preliminary approval" to cultivate medical cannabis in the African nation of Eswatini. The problem with that claim, according to a civil enforcement suit by the Securities and Exchange Commission, is that growing and smoking cannabis is illegal in Eswatini. The company said it had assurances from top-level officials in Eswatini that cannabis woul…

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Sun-Sentinel broke the news in Deerfield Beach, United States on Wednesday, September 14, 2022.
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