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Marley Family dismisses 'false claims' by Montobacco

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The Marley Family has dismissed the claims made by Montobacco Limited that the name Marley Natural infringes on its trademark.

In a surprising move, Montobacco yesterday accused both Marley Natural (through Privateer Holdings) and the Marley Family of making an attempt to utilize existing trademark regulatory processes as a loophole to assist its current infringement. (read more here https://businessuiteonline.com/2016/02/12/marley-natural-accused-of-trademark-infringement/)

However, according to the Marley Family, it has carefully protected and enforced its rights in the famous Bob Marley brand for decades.

It says it has known about and taken steps to eradicate Montobacco’s false claims of entitlement to use the Marley brand.

According to the Marley Family, “Montobacco’s trademark applications have been opposed and/or refused all over the world based on the Marley family’s rights. After months of unsuccessful attempts to claim rights in the Marley brand, this appears to be a last ditch, malicious effort to cause confusion in the marketplace in order to falsely capitalize on the goodwill generated by the successful launch of Marley Natural”.

Marley Natural last week had its first product launch of a line of weed strains branded in the name of late reggae icon Bob Marley.

The four types of cannabis have first been made available in some California dispensaries, before expanding to the four other US states where marijuana has been decriminalized.

The company has also launched a line of natural beauty products and smoking accessories that will be sold nationwide.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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