EastWest Wins TSX Nod to Expand Further into U.S.

EastWest Wins TSX Nod to Expand Further into U.S.

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, June 12, 2019

EastWest Bioscience Inc. (TSX-Venture:EAST) announced Wednesday it’s ready to expand into 20 additional U.S. States with TSX approval.

Last week, the TSX Venture Exchange gave EastWest the green light to sell its products containing CBD south of the border in addition to the previous approval for Kentucky by the TSX on April 16. 

Until recently, because of rules imposed by the TSX due to legal uncertainty regarding business operations involving any products derived from hemp, the Company was restricted from doing business in all US jurisdictions except Kentucky. 

Now, with the Venture Exchange lifting those restrictions, EAST is free to manufacture and sell its CBD infused products under both U.S. Federal and state laws into states including Alabama, New York, Maryland, Illinois and Tennessee. 

Said CEO Rodney Gelineau "EastWest continues to make significant progress in our U.S. expansion; along with our pending Joint Venture with Azema Sciences, EastWest is setting the stage to offer a robust CBD product menu for our U.S. customers."

EAST shares climbed half a cent, or 6.3%, to 8.5 cents, late morning on Wednesday, on volume of 225,000 shares. 


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

Pot Stock Recovery? This One Jumped on Friday
Noram Hails Upcoming Nevada Projects, Stocks Travel Higher
Tech Shares Lead Charge Out of Monday-Tuesday Gully
Two Cannabis Firms in Spotlight During Gloomy Week for Stocks

Back to Top