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True Leaf Brands says 'no material changes' to account for recent share price rise

Shares in the company closed on Friday in Toronto at C$0.22

True Leaf Brands Inc. -
The firm said it believes the activity can be traced to a mistaken reference to True Leaf and its trading symbol in a U.S.-based news story

True Leaf Brands Inc (CSE:MJ), the global cannabis and hemp wellness brand for pets, said Monday that there were "no material changes" that would account for the recent share price rise of the company. 

Shares in the firm had surged around 83% over the last five trading days. 

They closed on Friday in Toronto at C$0.22. 

READ: True Leaf sees 70% revenue increase in its Pet division in second quarter

In a brief statement, the firm said, at the request of the IIROC (Investment Industry Regulatory Organization of Canada), that it "would like to clarify the company is at full disclosure and there are no material changes which are generating recent activity. The company believes this activity can be traced to a mistaken reference to True Leaf and its trading symbol in a U.S.-based news story".

Quick facts: True Leaf Brands Inc.

Price: 0.02 CAD

CSE:MJ
Market: CSE
Market Cap: $2.01 m
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