NBUD QUALIFIES FOR DTC ELIGIBILITY TO TRADE IN US
North Bud Farms Simplifies Trading in the U.S. Market with DTC Eligibility
April 25, 2019 07:30 ET | Source: North Bud Farms Inc.
TORONTO, April 25, 2019 (GLOBE NEWSWIRE) -- North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) ("NORTHBUD" or the "Company") is pleased to announce it has received approval from The Depository Trust Company (“DTC”) of New York to make the Company’s shares DTC eligible.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies in the United States. Securities that are eligible to be electronically cleared and settled through DTC are considered to be “DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for certain investors. DTC eligibility will help enhance the Company’s potential investor base and offer a more convenient trading experience for current and future shareholders while enhancing the liquidity of the Company’s shares on the OTCQB.
“We are pleased to be approved for DTC eligibility as this will greatly simplify the process of trading our common stock in the United States," said Ryan Brown, CEO of North Bud Farms Inc. "We are focused on expanding our U.S. investor shareholder base as we build greater market awareness of NORTHBUD’s business model, thereby enhancing shareholder value.”
About North Bud Farms Inc.
North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc. which was acquired in February 2018, is pursuing a licence under The Cannabis Act. North Bud Farms Inc. is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.
For more information visit: www.northbud.com
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