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Monday, October 28, 2019 11:41:08 AM
https://www.prnewswire.com/news-releases/jushi-holdings-inc-receives-dtc-eligibility-300946367.html
BOCA RATON, Fla., Oct. 28, 2019 /PRNewswire/ -- Jushi Holdings Inc. ("Jushi" or the "Company") (NEO: JUSH.B) (OTCQX: JUSHF), a globally-focused, multi-state cannabis and hemp operator, today announced that it obtained DTC eligibility with The Depository Trust Company ("DTC") for its shares listed on the OTCQX® Best Market.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation ("DTCC"), a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities accelerates the settlement process for investors, enabling the stock to be traded over a wider network of brokerage firms, achieved by adhering to compliance standards.
"DTC eligibility will provide our existing and future shareholders with a more convenient trading experience," said Jim Cacioppo, Chairman and CEO of Jushi Holdings Inc. "The investment community will now be able to electronically transfer Jushi's OTC listed shares between brokerages in the U.S., which we expect to have a positive impact on the liquidity and demand of our stock."
About Jushi Holdings Inc.
We are a globally focused cannabis and hemp company led by an industry leading management team. In the United States Jushi is focused on building a multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic acquisitions, distressed workouts and competitive applications. Jushi strives to maximize shareholder value while delivering high quality products across all levels of the cannabis and hemp ecosystem. For more information please visit www.jushico.com or our social media channels, Instagram, Facebook, Twitter and LinkedIn.
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