May 25-26, 2017- Administration - The Company held meetings with its legal counsel Paul Donion to commence it's path to re-establish WSHE as a fully reporting issuer through FINRA filings with the SEC. The Company since it's March 27, 2014 filing of Form 15 with the SEC - "Certification and Notice of Termination of Registration under Section 12(g) of the Securities Exchange Act has maintained its Colorado Corporation filings and is in the process to prepare its financial reporting to meet fully reporting issuer requirements.
- Operational Update - During meetings with our legal counsel we conducted an intensive review of the Company's entry to the Medicinal Marijuana business space in the United States with an initial concentration within the State of California. Over the past several months the Company has been monitoring the current political climate related to Cannabis in the United States since the election of the new Republican President Donald J. Trump.
Currently by US federal law, the possession of Cannabis (Marijuana) is illegal outside of approved research settings. However, a growing number of states, territories, and the District of Columbia have enacted laws to legalize medical marijuana. Based on the current US Justice Administration assertions that there is a "big Difference" between medical cannabis and recreational cannabis the Company believes that the current administration will maintain the Cole Memorandum of August 29,2013 policy. You can review this policy at https://www.justice.gov/iso/opa/resources/3052013829132756857467.
Based on our review the Company believes the ongoing and current California regulated medicinal marijuana business space holds significant opportunity to pursue current and future opportunities which have been presented to the company for participation.
The Company will continue the process to re-establish itself as a fully reporting issuer and concentrate its business focus on the medicinal marijuana space focused initially within the State of California.
On behalf of the Board of Directors - E-Debit Global Corporation (WSHE)
It is with deepest regret that the Board of Directors announces the passing of our Director and previous President and Chief Operating Officer Coby J. Boyce at the very young age of 43 years. Coby succumbed to a nine year battle with cancer and maintained his position as CEO "Chief Eternal Optimist" during the off and on stages he fought through with a retained sense of humor and stoic strength of will. Our deepest sympathies and thoughts are extended to his young family and we hope them the best in the future. God Bless you Coby it was a pleasure to know you.
The Board of Directors of E-Debit Global Corporation
E-Debit Global Corporation from 2001 through to March 2014 was a publicly listed company and reporting issuer with the SEC and Alberta/British Columbia
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E-DEBIT GLOBAL CORPORATION
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