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Marley Natural accused of Trademark infringement

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In a surprising development Marley Natural, the Bob Marley inspired weed line that was launched last week, has been accused of infringing on the trademark owned by Montobacco Limited.

In a letter to the company yesterday, Montobacco advised Marley Natural that its use of the name, Marley Natural is a clear violation that needs to be stopped immediately.

“It is clear that your use of Marley Natural is intended to, and actually does, confuse and misdirect customers seeking our goods and services. This activity is actionable under federal law and causes you to be liable to us in every state in which Montobacco Ltd. has registered, and you have made sales. Your activities are unlawful and constitute unfair competition, intentional trademark infringement, trademark dilution, and false designation of origin.”

Montobacco has also laid accusations against the Marley Family and PrivateerHo ldings Inc which it says are making an attempt to utilize existing trademark regulatory processes as a loophole to assist its current infringement.

Montobacco says “Bob Marley’s family and Privateer Holdings, Inc. are taking all of these actions without even owning the trademark rights to the ‘Marley Natural’ name or design”

Montobacco says it is giving Marley Natural until next week Friday to respond to the accusation and cease use of the name.
Marley Natural opened in New York last week amid concerns that the branding of the product could have negative connotations in Jamaica.

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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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