VANCOUVER, Jan. 15, 2018 /CNW/ - Liberty Leaf Holdings Ltd. (CSE: LIB, OTCQB: LIBFF and FSE: HN3P) (the "Company" or "Liberty Leaf") is pleased to announce it has received processing approval from The Depository Trust Company ("DTC") of New York, NY, making the Company's shares DTC eligible.
DTC provides depository and book entry services for eligible stocks, as well as a settlement system. This means shares can trade electronically. Electronic clearing speeds up the delivery of stock and cash settlements, thereby accelerating trading for investors. DTC is the world's settlement organization for equities across the USA and in 131 other countries. In the USA, DTC handles some 1.4 million settlement transactions daily, valued at approximately $600 billion.
"Liberty Leaf expects that being DTC eligible will greatly simplify the process of trading our common stock on the OTC marketplace in the United States," says Liberty Leaf CEO, William Rascan. "We hope that will stimulate even greater interest in our company as a major player in the legal cannabis sector."
Besides trading electronically on the OTC marketplace in the United States, Liberty Leaf shares will continue to trade on the Canadian Security Exchange (CSE) and Frankfurt Stock Exchange.
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