I received this email today I have a few of these shares some positive some negative any tips on what can be done? I have been a member on this forum for a while now and decided this was worthy of finally making some sort of contribution and seeking advice from and informing the many helpful members here Thanks for any help given
Due to the evolving political and regulatory landscape surrounding recreational cannabis-related securities, we have decided to stop offering share trading on the below cannabis shares.
Please note that CFD trading on cannabis shares and our soon-to-be-launched Cannabis Index will not be affected. You can continue to access these markets as normal.
Which stocks are no longer available for share trading?
With immediate effect, you can no longer invest in the following companies and ETFs with IG:
Aphria (US)
Aurora Cannabis (US)
Bod Australia
Cann Global
CannTrust
Canopy Growth (US)
Corbus Pharmaceuticals
Creso Pharma
Cronos Group(US)
Elixinol Global
eSense-Lab
ETFMG Alternative Harvest ETF
HEXO Corp
Innovative Industrial Properties
Insys Therapeutics
Lifespot Health
New Age Beverages
Stemcell United
Tilray
What will happen to my existing shareholdings?
If you are invested in the affected companies with IG, you’ll need to sell your shares by 9am AEST on Friday 24 May 2019.If you have not sold your shares by then, we will have to sell them on your behalf at the prevailing price and return the funds to you.
Please note that, given the current uncertainty, we cannot transfer your share trading positions to alternative brokers. We’re sorry for any inconvenience this causes you.
