MGC Pharmaceuticals' Securities Will be Cleared by Pershing

  • Dec 18, 2019 AEDT
  • Team Kalkine
Securities of MGC Pharmaceuticals Ltd (ASX: MXC) were removed from the restricted list of BNY Mellon’s Global Cannabis Security Policy. The move comes after the restriction was applied in October this year.
  • BNY Mellon and its clearing house Pershing Securities had restricted the securities.
  • The restriction resulted in non-acceptance of MXC securities along with other cannabis businesses.
  • The list also included Australian listed cannabis companies.
  • Securities of MGC Pharma were permitted for trading from 30 November 2019 after a review.
By 12:51 PM AEDT, MXC was trading at $0.032, up 3.22 per cent from the previous close.

 

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