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IIROC Halts Umbral Energy Corp - Pending News

June 27, 2017


The Investment Industry Regulatory Organization of Canada ("IIROC") has announced that shares of Umbral Energy Corp. (CSE:UMB)(OTC:UMBBF) will be halted starting at 8:00 AM on Wednesday, June 28th pending the release of news. 


Before you think that we've started covering energy stocks, Umbral Energy is one of those marijuana stocks in disguise. Based on its name alone, you'd never guess Umbral has operations in the cannabis space. In addition to ongoing operations in the energy and basic materials space, Umbral owns 50% of late-stage ACMPR applicant, PhyeinMed.


Now, we don't know if this news is related to the company's operations in the cannabis space or not, but it's always a good idea to be more informed rather than less. We'll be sure to update readers regarding any developments in Umbral's cannabis operations and the market reaction when shares resume trading. 


Shares of Umbral Energy finished Tuesday's trading on the CSE at $0.095 CAD, up 18.75% on the day. On the OTC Markets, shares of Umbral closed up 1.52% on higher than average trading volume. 


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Now Read: What does it mean when a stock is halted? 






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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.