Section 230-RICR-80-05-3.4 - Disclosure Requirements Regarding Public Company Interest HoldersA. As to a public company that is an Interest Holder with respect to a marijuana establishment applicant or licensee, the applicant/licensee can satisfy the application and continuing disclosure requirements as to such public company interest holder by disclosing: 1. All directors and officers of such public company;2. All public company officers, employees and agents who will have direct managerial or operational control with respect to the marijuana establishment; and3. With respect to public company shareholders, all persons and/or entities that hold shares in the public company in an amount equal to or greater than the minimum ownership disclosure threshold required by the stock exchange(s) on which the public company is listed and its shares are traded;B. The divestiture requirements as to financial interests and/or control that a public company interest holder has with respect to a marijuana establishment licensee shall be based upon the interest holder disclosures made by the marijuana establishment applicant/licensee in compliance with this Part.C. With respect to a public company interest holder, registry identification cards and national criminal background checks will be required for those persons identified in § 3.4(A)(2) of this Part.230 R.I. Code R. 230-RICR-80-05-3.4
Adopted effective 6/3/2021