Denver, Colorado (PRWEB) September 23, 2014
International, today issued the company’s shareholder update report.
Cal-Bay has retained the services of a Los Angeles Securities Attorney Firm for assistance with the removal of the DTC Chill placed by DTCC in 2013. The information requested by DTCC is minimal and removal of the Chill removal is expected shortly. The restriction is a “deposit chill” and causes a prolonged settlement from the market trading, although the stock still traded electronically many brokers do not trade public company stocks that have a DTCC chill in place. Cal-Bay has a history of significant trading volumes prior to the chill, and is expected to be accepted by most brokers again after the removal of the chill.
Cal-Bay has decided in light of the controversy regarding the legality of the Marijuana Industry edibles to remove the company from the sector including the apparel line until such times as Federal Law deems the products legal for resale. Cal-Bay will continue to focus on the financial merchant banking aspect of the business specifically the CB Green Card division.
The “Snap Growth” agricultural and Horticultural division is still conducting tests for the product and hopes to be able to publish the results before the end of the year.
Cal-Bay is also still pursuing overseas development of the Pharmacy Vend vending technology designed for use by pharmacies to expedite the dispensing of legal prescriptions in secure environments.
Changes are currently in progress for the company’s website and will be republished upon completion.
Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as CBYI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Cal-Bay International, Inc.:
Cal-Bay International, Inc.
600 N. 17th Street, Suite 2800
Denver, Colorado 80202
PH: Main (303) 260-6480