CGOC Name Change to PBIC; CMX's Cannabinoids and Psychotherapeutics Practice Group (February 1, 2021)

CGOC Name Change to PBIC; CMX's Cannabinoids and Psychotherapeutics Practice Group (February 1, 2021)

February 1, 2021

To our Clients and Friends:

Paul Crath, Chief Executive Officer of Cannabis Growth Opportunity Corporation ("CGOC”), a co-founder of Crath Miller & Xistris LLP, and Head of our Capital Markets practice group, announced recently that CGOC, a cannabis-focused investment corporation has changed its name to "Plant-Based Investment Corp." (“PBIC”) effective January 15, 2021.  The Company's trades on the Canadian Securities Exchange (the "CSE") and its stock symbol is "PBIC".

Mr. Crath stated, "In connection with a repositioning of CGOC's public and private investment platform and to reflect certain market opportunities identified by management, the board of directors determined to proceed with a name change to "Plant-Based Investment Corp." to better reflect management's focus on investments that relate to the broader cannabis plant family, including hemp plants, cannabinoids, including CBD, CBG and CBN, along with other terpenes and flavonoids found in cannabis and other plants. Furthermore, there are new opportunities with combinatorial products and their related intellectual property resulting from combining cannabis plant compounds with other functional plant- and fungi-based ingredients."

To better meet the current needs of its clients,  CMXLaw has renamed its practice group to “Cannabinoids and Psychotherapeutics” to expand its focus to include the emerging psychotherapeutics, including psilocybins, as well as alternative fungi and plant-based products and technologies.  This practice group will continue to advise clients on the evolving array of Federal and State regulatory regimes, local and state law licensing, regulatory compliance and product labelling issues.  Our clients involved in Cannabinoids and Psychotherapeutics also remain active with CMXLaw’s Finance and Banking, Capital Markets, Securities and Tax practice groups.

See PBIC Press Release (1-19-2021)

Paul can be reached at crath@cmxlaw.com and at +1 (347) 835-9032

CMXLaw has offices in New York and California.

 

Crath Miller & Xistris LLP

For further information, please contact us at info@cmxlaw.com.

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