Cannabix Technologies, Inc.: Variable Annuity Life Insurance Case

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As of October 17, 19996, Mr. Bruce Goldberger has been a Client with VALIC (Variable Annuity Life Insurance Company) under his Employer (University of Florida) sponsored group plan. Mr. Goldberger currently has 8 active contracts with a combined total of $632,571.25. Mr. Donald Hartman has been Mr. Goldberger’s appointed agent as of 2015. February 16, 2018 VFA (Valic Financial Advisors) opened a brokerage account for Mr. Goldberger under agent William Gecks who holds a S7 securities license as Mr. Hartman does not, with 2 stock certificates for Cannabix Technologies, Inc. equity, BLOZF. Mr. Goldberger received certificate GS243 for 375,000 shares on April 24, 2015 trading at .33 a share and certificate GS271 for 375,000 shares on June …show more content…

February 22, 2018 VFA received a sell order, for 110,000 shares which sold at $1.55 for $170,476.06. The total of all three sell orders $256.954.05 was placed into the money market fund. February 27, 2018 VFA received a request to send a wire in the amount of $256,000.00 to a 3rd party bank at Holden, Carpenter & Roscow, PL Real Estate Trust Account with Ameris Bank account number 00137148 routing number 061201754 signed by the Client along with a Financial Advisor Attestation form signed by the Advisor Donald Hartman. VFA Operations notified the Client, the form was missing the required the signature guarantee to process 3rd party wires. February 28, 2018 VFA received a second request with the required signature guarantee to wire $256,000.00 to Holden, Carpenter & Roscow, PL Real Estate Trust Account with Ameris Bank account number 00137148 routing number 061201754 signed by the …show more content…

(BLOZF) shows it is a common stock trading below 2.00 and is listed on the Canadian Securities Exchange, quoted on the US OTC Pink Sheets, as well as the European Frankfurt Exchange. A Company search of Cannabix Technologies Inc. list it as a Vancouver, British Columbia company developing tools for law enforcement and the workplace in detecting THC (Chemical compound found in cannabis plants/marijuana) using a breathalyzer. A negative news search was conducted on Cannabix Technologies, Inc.; with no suspicious activity noted. The current stock price is trading at $1.45 with a 52 week high $2.95 and 52 weak low of $.40. BLOZF begin trading on August 27, 2017 at $.13 a share with a volume of 4,025 shares. The Cannabis industry in Canada is currently waiting on the passage of the Cannabis Act which will legalize recreational marijuana for adults over 18 in Canada. With this act, industries like Cannabix seek to make revenue on their breathalyzer. If the Cannabis Act does not pass, industry leads for Cannabis stock fear their stock prices will fall. A negative news search was performed on Bruce Goldberger with no suspicious activity noted. During the search, Mr. Goldberger was found to serve as a Senior Advisor for Cannabix Technologies Inc., in addition to working as professor and director of toxicology at the University of

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