Global CEOs Call For Greater Disclosure of Climate Risks

  • Heads of major global businesses urge G20 nations to formally accept and act on the recommendations of the Task Force on Climate-related Financial Disclosure, chaired by Michael Bloomberg.

  • The business leaders, convened by the World Economic Forum, argue that companies should disclose the material financial risks they face from climate change in AN OPEN MESSAGEto the G20.

  • They say this is critical in delivering the Paris Agreement and the stability of financial markets.

  • The statement with signatories.

Geneva, Switzerland, 21 April 2017— The heads of major global businesses are urging G20 governments to formally accept that companies should disclose climate-related financial risks.

The 27 business leaders were convened by the World Economic Forum and include the Chief Executive Officers of global banks, consumer goods and utility companies. 

They are asking G20 leaders to act on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), an industry-led body chaired by UN Special Envoy for Cities and Climate Change and former New York Mayor, Michael Bloomberg.

Together the business leaders represent US $4.9 trillion in assets under management and US $700 billion in total revenue.

In an open message, they say that climate change is not only an environmental problem, but a business one as well.  Improving disclosure of the material financial risks companies face from climate change is critical to the financial stability of markets and would enable greater investment in low-carbon and climate-friendly opportunities.

The message is timed as G20 Finance Ministers meet in Washington DC for the Spring Meetings of the World Bank Group and the International Monetary Fund. 

The business leaders stress that G20 support would “send a strong signal that government leaders desire more transparency from business on the short and long-term impact of climate change on their operations’”. They added that they “welcome the current TCFD recommendations, and will actively support their successful implementation.” 

They believe that universal agreement on climate disclosure would help investors make more informed long-term decisions while highlighting the financial risks of the physical impacts of climate change and liability risks that may arise from inaction. 

There are real financial risks associated with climate change and financial opportunities for companies in transitioning to a low carbon economy,” said Richard Samans, Head of the Centre for the Global Agenda, Member of the Managing Board, World Economic Forum Geneva. “One of the biggest risks to market stability and performance is asymmetry of information. Increasing companies’ disclosure of their climate risks – and standardising that disclosure – will go a long way to addressing this current market failure and will help governments deliver the Paris Agreement.”  

It would also create greater visibility on how companies are managing these risks and where they are able to take advantage of new opportunities. Greater visibility of climate risks would help an orderly transition to a low-carbon economy.

The group said that risk disclosure was not a climate change panacea, but should be part of a suite of complementary approaches to recalibrate the financial system to support the transition to low-carbon economies citing the need for effective carbon pricing and the phase-out fossil fuel subsidies.

Attorney General Jeff Sessions Announces New Initiatives to Advance Forensic Science and Help Counter the Rise in Violent Crime

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As part of the Department’s efforts under the Task Force on Crime Reduction and Public Safety (Task Force), Attorney General Jeff Sessions today announced a series of actions the Department will take to advance forensic science and help combat the rise in violent crime.

These actions are being undertaken on the expiration of the National Commission on Forensic Science (NCFS) and will increase the capacity of forensic science providers, improve the reliability of forensic analysis, and permit reporting of forensic results with greater specificity. The Task Force’s Subcommittee on Forensics will spearhead the development of that strategic plan.

The availability of prompt and accurate forensic science analysis to our law enforcement officers and prosecutors is critical to integrity in law enforcement, reducing violent crime and increasing public safety,” said Attorney General Sessions. “As we decide how to move forward, we bear in mind that the Department is just one piece of the larger criminal justice system and that the vast majority of forensic science is practiced by state and local forensic laboratories and is used by state and local prosecutors. We applaud the professionalism of the National Commission on Forensic Science and look forward to building on the contributions it has made in this crucial field.”

The following three actions were announced today:

1. In the coming weeks, the Department will appoint a Senior Forensic Advisor to interface with forensic science stakeholders and advise Department leadership;

2. The Department will conduct a needs assessment of forensic science laboratories that examines workload, backlog, personnel and equipment needs of public crime laboratories and the needs of academic and non-traditional forensic science practitioners, and issue a report to Congress; and

3. The Department will publish a notice in the Federal Register seeking public comment on how the Department should move forward to strengthen the foundations of forensic science and improve the operations and capacity of forensic laboratories. The notice will remain open until June 9, 2017.

The Attorney General will continue to receive and act upon recommendations from the Task Force as they become available.

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Shelley B. Slafkes, Levitt and Slafkes, Featured in NJBIZ

Newark, NJ (1888PressRelease) March 30, 2017 – Maplewood, NJ – Shelley B. Slafkes, Esq., MSW, Partner, Levitt & Slafkes, P.C., was recently highlighted in NJBIZ Triple Play. In this feature, Slafkes discusses the inclusion of personal bankruptcy planning as part of a financial portfolio.

Although there is strong economic numbers being reported in 2017; there are also layoffs happening on a regular basis. With a new President in the White House, the state of health care is in an uncomfortable limbo and, as is true every year, divorce is still taxing families both emotionally as well as financially.

Yet, there is help out there. According to Shelley B. Slafkes, Esq., MSW, Partner, Levitt & Slafkes, P.C., a Maplewood, New Jersey, based law firm that handles personal bankruptcies, foreclosures, loan modifications and business litigation matters, „Just as people look to protect their assets by using a financial planner – personal bankruptcy planning should also be a key component of a comprehensive financial plan.”

NJBIZ tapped Shelley to explain how personal bankruptcy planning can help people protect themselves and their families. To read her response in its entirety, please click here.

Slafkes practices law in both the private and non-profit sectors. She concentrates on consumer rights, bankruptcy and commercial litigation. Slafkes is part of a successful team, professionally and personally, and practices law with her husband, Bruce Levitt. Shelley is both an attorney and a social worker.

Levitt & Slafkes P.C. is a professional and compassionate legal firm that handles bankruptcies, foreclosures, loan modifications and business litigation matters. The firm assists clients in personal and small-business bankruptcy cases as well as other debt issues.

Both Bruce Levitt and Shelley Slafkes have helped thousands with debt issues eliminate debt and save their homes. Levitt & Slafkes, P.C., is perhaps best known for their successful representation in the landmark, Kemp v. Countrywide Loans, case. This lawsuit gained national prominence in the ongoing battle to require mortgage lenders to follow the law before they can foreclose and take away a person’s home.

„We wholly understand the problems debt can cause individuals, families and small businesses and have a proven track record in solving these issues. We pride ourselves on providing high level and compassionate service to each client we represent. Our lawyers know every situation is unique and important. We fight for each client as if we are fighting for our own home and our own family.”

From getting ready to file or exploring every option, Levitt & Slafkes P.C, carefully explains the bankruptcy process so clients can understand and make informed decisions.

Ms. Slafkes has a long standing commitment to volunteerism and the importance of contributing to the community. She has served three terms as an elected member of the South Orange Maplewood Board of Education. Additionally, she has mentored youth and served on numerous nonprofit boards including Family Connections and the Columbia High School Scholarship Fund. In 2005, Ms. Slafkes had the honor of serving on the Governor’s Task Force on Mental Health, Children’s Advisory Subcommittee. She recently served as Board President for Family Promise of Morris County.

For more information, please contact 973-323-2953 or visit www.levittslafkes.com.

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Shelley B. Slafkes, Levitt and Slafkes, Featured in NJBIZ

Newark, NJ (1888PressRelease) March 30, 2017 – Maplewood, NJ – Shelley B. Slafkes, Esq., MSW, Partner, Levitt & Slafkes, P.C., was recently highlighted in NJBIZ Triple Play. In this feature, Slafkes discusses the inclusion of personal bankruptcy planning as part of a financial portfolio.

Although there is strong economic numbers being reported in 2017; there are also layoffs happening on a regular basis. With a new President in the White House, the state of health care is in an uncomfortable limbo and, as is true every year, divorce is still taxing families both emotionally as well as financially.

Yet, there is help out there. According to Shelley B. Slafkes, Esq., MSW, Partner, Levitt & Slafkes, P.C., a Maplewood, New Jersey, based law firm that handles personal bankruptcies, foreclosures, loan modifications and business litigation matters, „Just as people look to protect their assets by using a financial planner – personal bankruptcy planning should also be a key component of a comprehensive financial plan.”

NJBIZ tapped Shelley to explain how personal bankruptcy planning can help people protect themselves and their families. To read her response in its entirety, please click here.

Slafkes practices law in both the private and non-profit sectors. She concentrates on consumer rights, bankruptcy and commercial litigation. Slafkes is part of a successful team, professionally and personally, and practices law with her husband, Bruce Levitt. Shelley is both an attorney and a social worker.

Levitt & Slafkes P.C. is a professional and compassionate legal firm that handles bankruptcies, foreclosures, loan modifications and business litigation matters. The firm assists clients in personal and small-business bankruptcy cases as well as other debt issues.

Both Bruce Levitt and Shelley Slafkes have helped thousands with debt issues eliminate debt and save their homes. Levitt & Slafkes, P.C., is perhaps best known for their successful representation in the landmark, Kemp v. Countrywide Loans, case. This lawsuit gained national prominence in the ongoing battle to require mortgage lenders to follow the law before they can foreclose and take away a person’s home.

„We wholly understand the problems debt can cause individuals, families and small businesses and have a proven track record in solving these issues. We pride ourselves on providing high level and compassionate service to each client we represent. Our lawyers know every situation is unique and important. We fight for each client as if we are fighting for our own home and our own family.”

From getting ready to file or exploring every option, Levitt & Slafkes P.C, carefully explains the bankruptcy process so clients can understand and make informed decisions.

Ms. Slafkes has a long standing commitment to volunteerism and the importance of contributing to the community. She has served three terms as an elected member of the South Orange Maplewood Board of Education. Additionally, she has mentored youth and served on numerous nonprofit boards including Family Connections and the Columbia High School Scholarship Fund. In 2005, Ms. Slafkes had the honor of serving on the Governor’s Task Force on Mental Health, Children’s Advisory Subcommittee. She recently served as Board President for Family Promise of Morris County.

For more information, please contact 973-323-2953 or visit www.levittslafkes.com.

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New Era of “Always On” Transformation Puts Pressure on Corporate Boards to Step Up, Step In, and Guide the Transformation Process

BOSTON, March 30, 2017 (GLOBE NEWSWIRE) — In the face of disruptive technology, globalization, and a volatile marketplace, leading companies are committing to a new kind of transformation—one that is putting boards under new kinds of pressure and demanding that they become active and interventionist, stepping in to guide the process.
Instead of pursuing transformation as a one-time, crisis-driven initiative—and instead of focusing primarily on cost cutting—companies are committing to “always on” transformation, which requires that they profoundly changing their strategy, business model, people, and processes on an ongoing basis in order to stay ahead.For boards, this means taking on new roles, expanding their responsibilities, and changing their culture, says a new e-book published by The Boston Consulting Group (BCG).Boards must get actively involved by hiring the right CEO, then stay involved by helping the CEO drive change.“Boards of directors need to play a critical role starting at the beginning and all the way through the transformation journey,” says Lars Fæste, a senior partner at BCG and one of the editors of Transformation: Delivering and Sustaining Breakthrough Performance. The e-book draws on the firm’s work on more than 400 transformations that generated a median annual impact exceeding $340 million through cost cuts, revenue levers, the application of capital efficiency levers, and improvements in organizational performance.“Boards must embrace the concept of always-on transformation, and embrace change as an everyday way of operating—not as a one-off event,” says Fæste. “The first step is to get comfortable with it, to abandon the idea that you can be a one-time cost cutter or acquirer and start addressing the fundamental transformation of the business on an ongoing basis. This affects every aspect of the board’s work.”Job #1 for Boards: Finding and Hiring the Right CEO for “Always On” Transformation“For the board, selecting the right CEO is a tall order,” says Jim Hemerling, a BCG senior partner and coeditor of the e-book. “Many CEOs are still focused on cost and efficiency. But what firms need now is growth. It’s always easier to trim and optimize and cut costs than to figure out something new.”Four More “Must-Dos” for BoardsFour other imperatives for boards in the new era of always-on transformation are these:Look “around the corner” to understand and preempt key trends. The board should identify the trends that affect the company and work with the CEO to adjust the company’s strategy before the trends alter the business landscape. Listening to customers and workers is essential if the company is to spot trends before competitors do. Said one chair, “You need to be paranoid about how the world is changing.”
 
Align with the CEO—at least in public. The organization needs to know that the board fully supports the CEO and that both the board and the CEO support the company’s new direction and execution plan. And it needs to be clear that the CEO, not the board, makes all the operational decisions. But the chair can and should act as the CEO’s “sparring partner,” pushing back appropriately outside of formal situations.
 
Commit time, make good use of it, and ensure that the board composition is right. During transformations, boards need to meet as often as weekly, and the chair might be required to be involved several times per week. The board also needs a small and dedicated team that can devote adequate time and be available on short notice for critical decisions. Board composition also matters: it will probably be necessary to recruit a chair or board member with transformation experience, bring in experienced external advisors, and create a transformation task force.
 
Make themselves always-on. After two or three years of transformation efforts, many CEOs and leaders have a hard time continuing to turn things upside down. Boards can and should step in at times like this to make sure the transformation process continues and that the leadership team isn’t getting set in its ways.“Fundamentally, boards that succeed will be those that accept the new reality of transformation, accept that transformation is for leaders rather than laggards, adopt the right leadership style, and commit to bold action,” Hemerling says. “The imperative to change is a given. The open question is how CEOs, boards, and leadership teams will respond.”Transformation: Delivering and Sustaining Breakthrough Performance is available for download at here.To arrange an interview with one of the authors, please contact Eric Gregoire at +1 617 850 3783 or gregoire.eric@bcg.com.About The Boston Consulting Group
The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 85 offices in 48 countries. For more information, please visit bcg.com.
About bcgperspectives.com
Bcgperspectives.com features the latest thinking from BCG experts as well as from CEOs, academics, and other leaders. It covers issues at the top of senior management’s agenda. It also provides unprecedented access to BCG’s extensive archive of thought leadership stretching back 50 years to the days of Bruce Henderson, the firm’s founder and one of the architects of modern management consulting. All of our content—including videos, podcasts, commentaries, and reports—can be accessed by PC, mobile, iPad, Facebook, Twitter, and LinkedIn.
The Boston Consulting Group
Eric Gregoire
Global Media Relations Manager

Tel +1 617 850 3783
Fax +1 617 850 3701
gregoire.eric@bcg.com

NICHE Canada : Make Public Safety “No1 Priority” in New Marijuana Laws: Top Cop

SURREY, British Columbia–(BUSINESS WIRE)–A veteran top cop is calling on Ottawa to make public safety the number one priority as Canada moves towards legalizing marijuana next year.

“There must be clear direction on legislation, enforcement, crime prevention and substance abuse,” said Jim Cessford, the former head of the Municipal Chiefs of Police and BC Association of Chiefs of Police.

“There must be current technology that enables roadside screening for police and the development of laws that are understood and enforceable,” said Cessford, who retired after a police career spanning 47 years.

Cessford, an advisor to the National Institute for Cannabis Health and Education (NICHE Canada), said it is essential that the Federal Government develop a public awareness and education document outlining all of the information relating to the legalization of marijuana in Canada so everyone is aware of the introduction of this new legislation into the community.

His comments come in the wake of reports that Prime Minister Justin Trudeau’s Liberal government will introduce legislation to legalize recreational marijuana the week of April 10th and it should become law by July next year.

The Canadian government is expected to follow the advice of a marijuana task force headed by former Liberal Health Minister Anne McLellan as well as the advice of former Toronto Police Chief Bill Blair, who is the parliamentary secretary to the justice minister.

“Canadians need to have a full comprehension of the impact and opportunities that may exist with the advent of this new legislation,” said Barinder Rasode, president and CEO of Niche Canada. “Success will come only through broad understanding, acceptance and support.”

“There are so many questions still unanswered and there is no time to lose,” she said. “We’ll continue to work with the medical profession, police, academics and scientists as these deadlines approach.”

Based in Vancouver with a national vision, NICHE Canada was established in 2017 after discussions with the Federal and Provincial governments, industry, universities, patients, consumers, non-governmental organizations, law enforcement agencies and other stakeholders.

ABOUT NICHE CANADA
(National Institute for Cannabis Health and Education)

NICHE is an independent, not-for-profit organization that provides impartial and evidence-based research about cannabis production and use in Canada. NICHE’s vision for a safe and sustainable cannabis industry encompasses health, social and economic impacts.

Based in Vancouver with a national vision, NICHE was established in 2017 after discussions with the Federal and Provincial governments, industry, universities, patients, consumers, non-governmental organizations, law enforcement agencies and other stakeholders. We have the support of highly reputable individuals who are invested in success and the wellbeing of Canadians.

In part, NICHE was a response to the federal Task Force on Cannabis Legalization and Regulation calling on industry and government to “build upon existing and new organizations to develop and co-ordinate national research and surveillance activities.”

Much of the discussion about cannabis is taking place with little understanding of the diversity of public opinion on germane issues. The development of successful public policy will require a profound understanding of the public mindset towards these matters. Understanding the level of public awareness and engagement, and public opinion on matters that will need to be decided through legislation, will be an important part of ensuring that legislation is developed that is accepted by society.

NICHE has a national mandate to facilitate research, analyze policies, identify best practices for safe and sustainable cannabis use, share information broadly, and create open dialogue with communities. Our work will be academically rigorous, independent, and unbiased. All research and analysis will be publicly released and made available at the NICHE website.

Research from NICHE will focus on:

• The medical, social, and economic impacts of cannabis in Canada

• Understanding the risks of cannabis production and use in Canada and how risk information is used in decision making

• Best practices for safe production, processing, distribution and use of cannabis products

• Risks and best practices associated with specific products or health conditions

• Identifying areas where new research is needed to provide a foundation for informed public engagement and the ongoing development of sound policy.

Overall success will require engagement and collaboration with a wide range of stakeholders. Our governance model includes a community advisory council that will ensure our connection to grassroots voices.

NICHE Canada : Make Public Safety “No1 Priority” in New Marijuana Laws: Top Cop

SURREY, British Columbia–(BUSINESS WIRE)–A veteran top cop is calling on Ottawa to make public safety the number one priority as Canada moves towards legalizing marijuana next year.

“There must be clear direction on legislation, enforcement, crime prevention and substance abuse,” said Jim Cessford, the former head of the Municipal Chiefs of Police and BC Association of Chiefs of Police.

“There must be current technology that enables roadside screening for police and the development of laws that are understood and enforceable,” said Cessford, who retired after a police career spanning 47 years.

Cessford, an advisor to the National Institute for Cannabis Health and Education (NICHE Canada), said it is essential that the Federal Government develop a public awareness and education document outlining all of the information relating to the legalization of marijuana in Canada so everyone is aware of the introduction of this new legislation into the community.

His comments come in the wake of reports that Prime Minister Justin Trudeau’s Liberal government will introduce legislation to legalize recreational marijuana the week of April 10th and it should become law by July next year.

The Canadian government is expected to follow the advice of a marijuana task force headed by former Liberal Health Minister Anne McLellan as well as the advice of former Toronto Police Chief Bill Blair, who is the parliamentary secretary to the justice minister.

“Canadians need to have a full comprehension of the impact and opportunities that may exist with the advent of this new legislation,” said Barinder Rasode, president and CEO of Niche Canada. “Success will come only through broad understanding, acceptance and support.”

“There are so many questions still unanswered and there is no time to lose,” she said. “We’ll continue to work with the medical profession, police, academics and scientists as these deadlines approach.”

Based in Vancouver with a national vision, NICHE Canada was established in 2017 after discussions with the Federal and Provincial governments, industry, universities, patients, consumers, non-governmental organizations, law enforcement agencies and other stakeholders.

ABOUT NICHE CANADA
(National Institute for Cannabis Health and Education)

NICHE is an independent, not-for-profit organization that provides impartial and evidence-based research about cannabis production and use in Canada. NICHE’s vision for a safe and sustainable cannabis industry encompasses health, social and economic impacts.

Based in Vancouver with a national vision, NICHE was established in 2017 after discussions with the Federal and Provincial governments, industry, universities, patients, consumers, non-governmental organizations, law enforcement agencies and other stakeholders. We have the support of highly reputable individuals who are invested in success and the wellbeing of Canadians.

In part, NICHE was a response to the federal Task Force on Cannabis Legalization and Regulation calling on industry and government to “build upon existing and new organizations to develop and co-ordinate national research and surveillance activities.”

Much of the discussion about cannabis is taking place with little understanding of the diversity of public opinion on germane issues. The development of successful public policy will require a profound understanding of the public mindset towards these matters. Understanding the level of public awareness and engagement, and public opinion on matters that will need to be decided through legislation, will be an important part of ensuring that legislation is developed that is accepted by society.

NICHE has a national mandate to facilitate research, analyze policies, identify best practices for safe and sustainable cannabis use, share information broadly, and create open dialogue with communities. Our work will be academically rigorous, independent, and unbiased. All research and analysis will be publicly released and made available at the NICHE website.

Research from NICHE will focus on:

• The medical, social, and economic impacts of cannabis in Canada

• Understanding the risks of cannabis production and use in Canada and how risk information is used in decision making

• Best practices for safe production, processing, distribution and use of cannabis products

• Risks and best practices associated with specific products or health conditions

• Identifying areas where new research is needed to provide a foundation for informed public engagement and the ongoing development of sound policy.

Overall success will require engagement and collaboration with a wide range of stakeholders. Our governance model includes a community advisory council that will ensure our connection to grassroots voices.

WebRTC Market : Global Snapshot by 2021

New York, NY — (SBWIRE) — 03/29/2017 — Some of the major players in the global WebRTC market are Google Inc., Facebook, Inc., Citrix Systems, Inc., TokBox Inc., Sinch AB, Twilio, Inc., WIRE SWISS GmbH, Talko Inc., Screenhero, Inc., and Comcast Corporation etc.

WebRTC enables peer to peer audio, video and data communication between the browsers without plugins. This key functionality of WebRTC not only reduces the time required but also makes the process easy for a non-technical user since WebRTC requires no plugins, frameworks or applications. The browsers use Session Description Protocol (SDP) to establish a connection for data transfer. WebRTC is using JavaScript Application Programming Interface (APIs) and HTML5 for embedded communication within the browsers. However, WebRTC is an emerging platform that is anticipated to have significant impact on the communication between browsers in near future.

WebRTC is available for free and is accessible worldwide which is the key growth driver of this market. Moreover, WebRTC is platform and device independent which would help to attract global audience. Further, it provides better video and voice quality with advanced security and other operational features. WebRTC can adapt to various network conditions and is interoperable with Voice over Internet Protocol (VoIP) and Unified Communications (UC) solutions which is expected to help companies to easily integrate it with their existing infrastructure. WebRTC provides a bright solution for customer facing businesses. As this communication is real time, WebRTC provides audio visual solutions without any cost. Retail and healthcare are two industries with high demand for WebRTC as direct communication with end users or customers is of immense importance in these industries.

Request to view table of content @ http://www.persistencemarketresearch.com/toc/7987

One key restraint associated with the use of WebRTC is that it uses internet platform which is a public domain and thus, the quality of service cannot be guaranteed all the time. Use of Internet could result in privacy issues as it is still not clear how WebRTC manages the security and privacy. Further, integration is another key challenge associated with WebRTC. Organizations could face problems in integrating and adapting the WebRTC to their current system. WebRTC is currently not supported on Microsoft Internet Explorer. Thus, there are a number of complexities linked with WebRTC however, technological advancements are anticipated to eliminate these challenges in near future.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/7987

With WebRTC nearing its completion, organizations especially the consumer facing entities are expected to use this technology in near future across all platforms. WebRTC is an emerging industry standard for audio and video communication through a web browser. The Internet Engineering Task Force (IETF) decided that browser makers should implement VP8 and H.264 video codecs. WebRTC is of huge importance for call centers and customer care centers, where direct communication is happening between a company representative and the end user or customer. WebRTC can simplify this communication further and increase the level of customer satisfaction. Companies are integrating WebRTC into their websites to enhance the overall user experience.

Special Operations Troops From 15 Countries Conduct Allied Spirit VI

STUTTGART, Germany, March 29, 2017 — Special operations forces joined more than 3,000 service members representing 15 NATO and partner nations to participate in exercise Allied Spirit VI at 7th Army Training Command’s Joint Multinational Readiness Center in Hohenfels, Germany, March 8-31, 2017.

Allied Spirit VI is a multinational exercise training service members from Canada, the Czech Republic, Estonia, Finland, France, Hungary, Germany, Italy, Macedonia, Kosovo, Latvia, the Netherlands, Slovenia, the United Kingdom and the U.S. on integrating special operations and conventional forces to increase their effectiveness.

“The primary purpose of this exercise is providing a venue for the 1st Latvian Brigade to train in a Joint Task Force environment and increase their interoperability with both U.S. units as well as other multinational forces,” said Army Maj. Robert Temple, special operations force cell planner at JMRC. “Within that [joint task force] environment they have a replicated special operations component command.”

During the exercise, soldiers from 1st Battalion, 10th Special Forces Group trained on their advise and assist mission while working closely with Estonian forces, who provided mission command of all special operations elements, and Macedonian special operations mission command elements.

“We are here supporting our Estonian Special Operations Task Group brethren. They are one of our long-time partners that we’ve worked with and continue to work with in our Partnership Development Program,” explained a company commander for 1st Battalion, 10th Special Forces Group. “Additionally, we get to work with the Latvians which are another one of our primary partner nations.”

Building Special Operations Interoperability

The program’s mission is to increase the ability of special operations forces to work together seamlessly while bolstering the capabilities of partner nations within U.S. European Command’s area of responsibility.

“In addition to developing the capabilities of vital NATO allies, we get to exercise a number of our staff battle drills, call for fire and clearance of lines, some of the traditional skills that we have not always been required to participate in within the last 10-15 years of fighting,” the commander said.

JMRC is the only Europe-based Combat Training Center that trains leaders, staffs and units from the U.S. as well as our multinational partners, to conduct unified land operations anywhere in the world.

“JMRC is a place where all the conditions are set to conduct different tactical operations in rural and built up areas in as realistic environment as possible during peace time and training with multinational forces,” said a senior leader of the Estonian special operations training group.

Brassneck Capital Corp. Announces Letter of Intent for Proposed Acquisition by National Access Cannabis Corp.

OTTAWA, ONTARIO–(Marketwired – March 29, 2017) –

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

Brassneck Capital Corp. (TSX VENTURE:BC.P) (the „Corporation” or „Brassneck„) is pleased to announce that it has entered into a letter of intent with National Access Cannabis Corp. („NAC„) dated March 29, 2017 (the „Letter of Intent„) in respect of a proposed transaction pursuant to which NAC is expected to acquire Brassneck by way of reverse takeover (the „Acquisition„). It is currently anticipated that the Acquisition will occur as a merger, amalgamation or share exchange, the final structure of the Acquisition being subject to receipt of tax, corporate and securities law advice for both Brassneck and NAC. Upon completion of the Acquisition, the combined entity (the „Resulting Issuer„) will continue to carry on the business of NAC. It is expected that upon completion of the Acquisition, the Resulting Issuer will meet the Initial Listing Requirements for a Tier 2 Life Sciences issuer under the policies of the TSX Venture Exchange (the „Exchange„).

General Information on Brassneck and NAC

Brassneck is incorporated under the laws of the Province of Alberta and has a head office in Calgary, Alberta. The Corporation is a „capital pool company” under the policies of the Exchange and it is intended that the Acquisition will constitute the „Qualifying Transaction” of the Corporation, as such term is defined in Exchange Policy 2.4 – Capital Pool Companies. The Corporation is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.

NAC is incorporated under the laws of the Province of British Columbia and has a head office in Vancouver, British Columbia. NAC, through its wholly-owned subsidiary National Access Canada Corp., a corporation incorporated under the laws of Canada, operates clinics in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia and Ontario, which assist consumers in navigating through and accessing Canada’s legal medical marijuana program by assisting in determining eligibility, completing medical forms, providing physician consultations and selecting appropriate licensed products. NAC currently has ten corporate locations. On an unaudited basis, for the year ended August 31, 2016 the Corporation had revenue of $311,809.

NAC is an agile business and can quickly react to legislative changes relating to regulation of cannabis in Canada. Possession of cannabis other than for medical use and store front sale of medical or other cannabis each contravene the Controlled Drugs and Substances Act and its regulations. However, the Government of Canada has committed to ending prohibition and regulating production of adult use cannabis, with the provincial and local governments having a role in regulating store front sale of cannabis („Potential Legislative Changes„). The Final Report of the Task Force on Cannabis Legalization and Regulation to the Government of Canada includes recommendations regarding store front distribution. If federal and provincial legislation each allow the sale of cannabis through store front locations, NAC is in a position to adapt its locations to store fronts for sale of cannabis in both a medical and unqualified adult use context. With locations in six provinces, NAC is well-positioned to tailor any potential approach to the store front sale of cannabis according to differing local regulations.

No person, either directly or indirectly, holds a controlling interest in or otherwise controls or directs NAC.

Convertible Note Financing

It is anticipated that NAC will complete a private placement financing of convertible notes („Convertible Notes„) for aggregate gross proceeds of up to $1,000,000 (the „Maximum Note Amount„) prior to April 28, 2017. The holders of Convertible Notes will be paid interest at a rate of 10% per year, payable semi-annually, with any accrued interest to be forgiven upon completion of the Acquisition. The terms of the Convertible Notes provide that immediately prior to completion of the Acquisition, the Convertible Notes will convert into common shares of NAC („NAC Shares„) at a 20% discount to the Concurrent Financing Price (as defined below), subject to approvals from the Exchange. The proceeds of the Convertible Notes will be used for general working capital and, upon completion of the Acquisition, the Resulting Issuer’s future growth plans.

The Acquisition

As of the date hereof, the following Brassneck securities are issued and outstanding: (i) 6,939,000 common shares of Brassneck („Brassneck Shares„); (ii) stock options („Brassneck Options„) issuable into 575,937 Brassneck Shares; and (iii) agent’s options issuable into 273,900 Brassneck Shares, for a total of 7,788,837 Brassneck Shares on a fully diluted basis. As of the date hereof, the following NAC securities are issued and outstanding: (ii) 70,392,870 common shares of NAC; (ii) options („NAC Options„) issuable into 6,625,000 NAC Shares; and (iii) special warrants („NAC Warrants„) exercisable into 11,754,698 NAC Shares for a total of 87,522,568 NAC Shares on a fully diluted basis.

NAC expects to complete the Concurrent Private Placement (as defined below) and raise aggregate gross proceeds of a minimum of $4,500,000 (the „Maximum Placement Amount„) at a price of $0.25 per Subscription Receipt, as described further below. NAC also expects to convert the Convertible Notes and issue NAC Shares in connection with the terms of the Convertible Notes.

Pursuant to the terms of the Acquisition: (i) NAC will be required to accelerate and convert all of the NAC Warrants into NAC Shares prior to the Acquisition; (ii) all NAC Options will be exercised or exchanged for Brassneck Shares or Brassneck Options, as applicable; (iii) Brassneck will, subject to the receipt of all regulatory approvals, including the approval of its shareholders and the Exchange, conduct a share split by exchanging one current Brassneck Share for 1.205 Brassneck Shares (the „Brassneck Share Split„) such that Brassneck will have 9,385,549 Brassneck Shares fully diluted immediately prior to the Acquisition; and (iv) Brassneck will acquire all of the issued and outstanding shares of NAC. In consideration for the acquisition of the NAC Shares, assuming that all NAC Options are exercised, Brassneck will issue 87,522,568 Brassneck Shares at a deemed price of $0.25 per share on the basis of one Brassneck Share for each one NAC Share for deemed consideration of approximately $21,880,642, which for greater certainty, does not include the NAC Shares to be issued under the Convertible Note conversion or the Concurrent Private Placement.

Within 90 days of closing of the Acquisition, various Brassneck Options currently held by the Brassneck directors and officers will be required to be exercised or cancelled and the Resulting Issuer intends to issue new Brassneck Options to the new directors and officers of the Resulting Issuer, the details of which will be disclosed when finalized.

It is expected that following completion of the Acquisition and after giving effect to the Concurrent Private Placement and the conversion of the Convertible Notes, the current holders of Brassneck Shares will hold approximately 8% of the outstanding Resulting Issuer common shares and the then current holders of NAC Shares will hold approximately 92% of the Resulting Issuer common shares.

The Acquisition will be carried out by parties dealing at arm’s length to one another and therefore will not be considered to be a „Non-Arm’s Length Qualifying Transaction”, as such term is defined under the policies of the Exchange. As a result, a meeting of the shareholders of the Corporation is not required by the Exchange to approve the Acquisition. However, it is expected that the Corporation will hold an annual general and special meeting (the „Brassneck Meeting„) to, among other items of business, approve the change of its name to „National Access Cannabis Corp.” (the „Brassneck Name Change„) and approve the Brassneck Share Split. NAC is also expected to hold a meeting of its shareholders (the „NAC Meeting„) to approve, among other things, the change of its name (the „NAC Name Change„).

The transaction terms outlined in the Letter of Intent are non-binding on the parties and the Letter of Intent is expected to be superseded by a definitive agreement (the „Definitive Agreement„) to be signed between the parties. The Acquisition is subject to regulatory approval, including the approval of the Exchange, and the satisfaction of customary closing conditions, including the approval of the Definitive Agreement and the Acquisition by the board directors of each of Brassneck and NAC and completion of due diligence investigations to the satisfaction of each of Brassneck and NAC, as well as the conditions described below.

Brassneck and NAC will provide further details in respect of the Acquisition including a summary of financial information in due course once available by way of press release.

Proposed Financing

The Letter of Intent contains a condition that a private placement financing for gross proceeds of a minimum of $4,500,000 (the „Concurrent Private Placement„) be completed in conjunction with, or prior to the closing of the Acquisition. It is anticipated, subject to the policies of the Exchange, that the Concurrent Private Placement will be an offering of subscription receipts of NAC („Subscription Receipts„) at a price of $0.25 per Subscription Receipt (the „Concurrent Financing Price„). Each Subscription Receipt will be automatically exchanged immediately prior to the completion of the Acquisition (without any further action by the holder of such Subscription Receipt and for no further payment) for one NAC Share upon satisfaction of certain escrow release conditions (the „Escrow Release Conditions„). Each NAC Share will be exchanged for Resulting Issuer common shares in accordance with the terms of the Acquisition. The net proceeds from the Private Placement will be used by the Resulting Issuer to fund its expansion plan, opening up to 15 new clinics in the next approximately 18 months and general working capital.

The Corporation and NAC have executed an engagement letter dated March 29, 2017 („Engagement Letter„) with PI Financial Corp. and Canaccord Genuity Corp. (the „Agents„), as co-lead agents in connection with the Concurrent Private Placement. Under the terms of the Engagement Letter, the Agents have been appointed to act as agents in connection with the Concurrent Private Placement on a „best efforts” basis. The Agents will receive a commission of 6% of the aggregate gross proceeds placed under the Concurrent Private Placement payable in cash. The Agents will also be granted warrants by NAC („Agent’s Warrants„) to acquire that number of Resulting Issuer common shares equal to 6% of the total number of Subscription Receipts sold under the Concurrent Private Placement, exercisable at the Concurrent Financing Price per Resulting Issuer common share, for a period of 24 months from the closing date of the Concurrent Private Placement.

The closing of the Brokered Private Placement will be conditional upon, among other things, the Agent’s being satisfied that all of the conditions of the Exchange as to the completion of the Acquisition have been satisfied or waived by the Exchange (other than the closing of the Concurrent Private Placement), the completion of satisfactory due diligence by the Agents, the receipt of all necessary corporate and regulatory approvals, and the execution of a definitive agency agreement among the Agents, NAC and Brassneck.

Sponsorship of Qualifying Transaction

Sponsorship of the Acquisition, as the Qualifying Transaction of Brassneck, is required by the Exchange unless an exemption from this requirement can be obtained in accordance with the policies of the Exchange. The Corporation intends to apply for an exemption to the sponsorship requirement. There is no assurance that an exemption from this requirement will be obtained.

Directors and Officers of the Resulting Issuer

It is currently contemplated that on completion of the Acquisition and the receipt of the requisite approvals from the applicable regulatory authorities, including approval of the Exchange, there will be five directors of the Resulting Issuer, consisting of: Chuck Rifici, Rocco Meliambro, Dr. John Gillis, Jeff Hunt and Marc Lustig. It is further anticipated that Mark Goliger will be appointed Chief Executive Officer, Michael Best will be appointed Chief Financial Officer, Derrick Ogden will be appointed President and Michael Saliken will be appointed Corporate Secretary of the Resulting Issuer. Other than Michael Saliken, the current directors and officers of Brassneck shall resign at or prior to the closing of the Acquisition without payment or liability to NAC or Brassneck, subject to their receiving customary releases acceptable to them. The following is a brief description of the background and experience of the proposed directors and management of the Resulting Issuer:

Chuck Rifici – Ottawa, Ontario – Chairman

Mr. Rifici is currently CEO of Nesta Holding Co., a private equity firm focused on cannabis opportunities and also sits on the boards of Aurora Cannabis, Supreme Pharmaceuticals and CannaRoyalty. Mr. Rifici is the co-founder and former CEO of Canopy Growth Corp. (formerly named Tweed Marijuana Inc.) and former Treasurer, National Board of Directors of The Liberal Party of Canada. Mr. Rifici is a chartered professional accountant. He obtained his MBA from Queen’s University and a BASc in Computer Engineering from the University of Ottawa.

Mark Goliger – Burlington, Ontario – Chief Executive Officer

Mr. Goliger has extensive management experience in both the franchise and health care industries in Canada, recently acting as Chief Operating Officer of Qualicare Family Homecare. Mark received his Bachelor’s Degree in Business, is a Six Sigma Black Belt and an MBA from the Schulich School of Business.

In 2001 Mark brought Crestcom, an international leadership development franchise to Ontario and in 2012 Mark successfully brokered the sale of this business. From 2012-2016 Mr. Goliger acted as Chief Operating Officer of Right at Home Canada, and helped Canadianize an international franchise system focused on the intricacies of the Canadian health care system, ultimately growing operations to twenty offices in three and a half years. From 2016 to present, Mark has acted as Chief Operating Officer of Qualicare, and has assisted this franchisor in creating the system necessary to achieve its vision of $1billion in system wide revenue.

Marc Lustig – Vancouver, British Columbia – Director

Mr. Lustig holds MSc and MBA degrees from McGill University. He began his professional career in the pharmaceutical industry at Merck & Co. In 2000, he started his capital markets career in institutional equity research in the Life Sciences sector at Orion Securities. For the next 14 years, Mr. Lustig worked as a senior producer at GMP Securities L.P. and as Head of Capital Markets at Dundee Capital Markets before becoming Principal at KES 7 Capital. Mr. Lustig founded Cannabis Royalties & Holdings Corp. in early 2015.

Michael Best – Ottawa, Ontario – Chief Financial Officer

Mr. Best is the Chief Financial Officer of National Access Cannabis Corp. Michael holds a CPA, CGA Designation and an Honours degree in Public Administration from Carleton University. With over 26 years of experience in accounting and financial management he has held progressively senior roles throughout his career. Previously, he was Vice President and Chief Financial Officer at Computer Media Products Ltd. for a period of 12 years, following 3 years as Controller. Prior to that time, he spent 11 years working with MetLife at their Canadian Head Office located in Ottawa, holding several positions of increasing responsibility within Accounting, Treasury, Cash Management and the Budget and Expense Divisions. After the sale of MetLife’s Canadian business, Michael continued to work with MetLife’s U.S. Operations participating in demutualization and IPO initiatives. Michael is a member of Financial Executives International and serves on the National Capital Region Chapter’s Board of Directors.

Derek Ogden – Ottawa, Ontario – President

Mr. Ogden earned his executive credentials working with the best in the business. During a distinguished RCMP career he served as Officer in Charge of National Drug Enforcement and Director General of the Organized Crime Branch supervising operations from coast to coast. Derek worked extensively with numerous government departments including, Health Canada, Public Safety, Finance and Justice. When he retired from the force, Ogden became a sought after consultant, working at the National and international level with government and corporate clients. He also served as Director of the Anti-Illicit Trade Program and Director of Security for the largest tobacco company in Canada.

Derek Ogden’s background includes a Bachelor of Business Administration from the University of New Brunswick and the Executive Management Program at Queen’s University. Derek Ogden also obtained his bilingual designation while working at the RCMP.

Rocco Meliambro – Ottawa, Ontario – Director

Mr. Meliambro spent 20 years in the investment industry as a Vice President, Director and manager for several firms including Moss Lawson and Research Capital. During that time he helped finance several startup firms including Avcorp Industries and Kinross Gold. Since 2000, he has been involved in real estate developments in Ottawa area including large developments such as Deer Run in Stittsville and the Albert St. Lebreton Flats project. Mr. Meliambro’s financial training includes successful completion of course studies with Securities Institute at Wharton school of Business.

Dr. John Gillis – Halifax, Nova Scotia – Director

Dr. Gillis attended St. Francis Xavier University where he received his Bachelor of Science (First Class Honors) in 1995, before moving on to Western University where he received his Doctor of Medicine (1999) and completed residency in Family Medicine (2001). Dr. Gillis returned to Nova Scotia and Dalhousie University to complete the one year College of Family Physicians and added certification in Emergency Medicine (2002). He also completed certification with the College of Family Physicians of Canada for his CCFP and CCFP(EM) designations in 2001 and 2002 respectively. Dr. Gillis began working as an ER physician at the Dartmouth General Hospital in 2001 and remains on staff there to this day. Since 2007, Dr. Gillis has been the Medical Director of the Centre for Pain Management (Dartmouth, then Halifax), treating all types of chronic pain in a multi-disciplinary context. In 2013, Dr. Gillis founded 24Care Health and Occupational Services, a corporate and occupation health business. In late 2015, 24Care expanded into Signature Health, a larger and more comprehensive corporate and occupational health and wellness company, with Dr. Gillis serving as President and Medical Director. In 2013, Dr. Gillis joined Tweed Marijuana Inc. („Tweed„) as their Chief Medical Advisor, where he was involved in writing patient screening protocols and documents outlining the science behind and efficacy of medical marijuana. In early 2014, Dr. Gillis co-founded licensed producer applicant The Truro Herbal Company („THC„), and later that year left his role with Tweed. Since that time, Dr. Gillis has dedicated his efforts to the growth and development of THC as the company’s VP of Medical Development.

Jeff Hunt – Ottawa, Ontario – Director

Mr. Hunt is one of Canada’s best known sports executives. He is the President and part owner of the CFL’s Ottawa REDBLACKS, Governor and part owner of the CHL’s Ottawa 67’s and a Partner in the Ottawa Sports and Entertainment group, which owns and operates Ottawa’s Lansdowne Park retail district and manages the TD Place stadium and arena complex. Mr. Hunt left his family home in Newfoundland for Ottawa in 1983 to start adding form to his entrepreneurial vision. In his first year in the new city, Jeff started a carpet cleaning firm and over the next 15-years, franchised it, expanded into the US and sold the thriving business to Sears in 1998. During his career, Jeff Hunt’s accomplishments have been recognized with multiple awards, including five Profit Magazine Fast-100 and two Fast-50 awards. He has also been named OHL and Canadian Hockey League Executive of the Year and in 2015 he was named to the Yahoo Canada Sports list of the top 25 „Movers and Shakers” who have the most influence over sport in Canada.

Michael Saliken – Calgary, Alberta – Corporate Secretary

Mr. Saliken is a lawyer at the law firm Borden Ladner Gervais LLP, in Calgary, Alberta, where he specializes in corporate and securities law with a focus on both private and public offerings and mergers and acquisitions. Mr. Saliken received a Bachelor of Commerce degree from the Haskayne School of Business at the University of Calgary in 2005 and a Bachelor of Laws degree from the University of Alberta in 2008. He has served as a director of Brassneck since its incorporation.

Trading Halt

The Brassneck Shares are currently halted from trading, and the trading of Brassneck Shares is expected to remain halted pending completion of the Acquisition.

Additional Information

If and when a Definitive Agreement between the Corporation and NAC is executed, the Corporation will issue a subsequent press release in accordance with the policies of the Exchange containing the details of the Definitive Agreement and additional terms of the Acquisition including information relating to sponsorship, summary financial information in respect of NAC, and to the extent not contained in this press release, additional information with respect to the Convertible Notes, the Concurrent Private Placement, history of NAC and the proposed directors, officers, and insiders of the Resulting Issuer upon completion of the Acquisition.

Completion of the Acquisition is subject to a number of conditions including, but not limited to, completion of the Convertible Note offering, completion of the Concurrent Private Placement, the satisfaction of the Corporation and NAC in respect of the due diligence investigations to be undertaken by each party, the completion of a Definitive Agreement in respect of the Acquisition, closing conditions customary to transactions of the nature of the Acquisition, approvals of all regulatory bodies having jurisdiction in connection with the Acquisition, Exchange acceptance of the Acquisition as the Qualifying Transaction of Brassneck and, if required by the Exchange policies, majority of the minority shareholder approval. Where applicable, the Acquisition cannot close until the required shareholder approvals are obtained and there can be no assurance that the Acquisition will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with Acquisition, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Cautionary Statements

This news release contains „forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the Acquisition and associated transactions, including statements regarding the terms and conditions of the Acquisition, the Engagement Letter, the conversion of the Convertible Notes, the Concurrent Private Placement, the use of proceeds of the Concurrent Private Placement, the Brassneck Meeting, the NAC Meeting, the Brassneck Meeting, the NAC Name Change, the Brassneck Name Change, the Brassneck Share Split, the Potential Legislative Changes and the proposed directors and officers of the Resulting Issuer. The information about NAC contained in the press release has not been independently verified by the Corporation. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct.
Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Acquisition, the Engagement Letter, the conversion of the Convertible Notes, the Concurrent Private Placement, the Brassneck Meeting, the NAC Meeting, the Brassneck Name Change, the Brassneck Share Split, the NAC Name Change, the appointment of the proposed directors and officers of the Resulting Issuer and associated transactions, that the ultimate terms of the Acquisition, the Engagement Letter, the conversion of the Convertible Notes, the Private Placement, the NAC Name Change, the Brassneck Name Change, the Brassneck Share Split, any Potential Legislative Changes, the appointment of the proposed directors and officers of the Resulting Issuer and associated transactions will differ from those that currently are contemplated, and that the Acquisition, the Engagement Letter, the conversion of the Convertible Notes, the Concurrent Private Placement, the Brassneck Meeting, the NAC Meeting, the Brassneck Name Change, the NAC Name Change, the Brassneck Share Split, any Potential Legislative Changes, the appointment of the proposed directors and officers of the Resulting Issuer and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). The terms and conditions of the Acquisition may change based on the Corporation’s due diligence (which is going to be limited as the Corporation intends largely to rely on the due diligence of other parties of the Acquisition to contain its costs, among other things) and the receipt of tax, corporate and securities law advice for both Brassneck and NAC. The statements in this press release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation, NAC, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has in any way passed upon the merits of the Acquisition and associated transactions and neither of the foregoing entities has in any way approved or disapproved of the contents of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.