Actions against Defendants, a medical marijuana company, its CEO, and its statutory underwriters, for allegedly making misleading claims regarding the company’s business operations and financial condition, including a partnership with comedian Tommy Chong.  The SEC further alleges that Defendants falsified financial statements and made an unregistered offering of securities.  Defendant CEO has agreed to disgorgement and prejudgment interest of $158, 829.  Defendant statutory underwriters agreed to pay, jointly and severally, disgorgement and prejudgment interest of $435,595.  Defendant Moffitt and Defendant Feebles have agreed to penny stock bars and to pay civil penalties of $35,000 and $20,000, respectively.

SEC Press Release