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

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Private Equity: Alden Global Capital

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

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…