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CannaOne Announces OTC Markets Listing and DTC Eligibility
CannaOne Announces OTC Markets Listing and DTC Eligibility.
About this update from Cann American Corp.
[{"type":"text","content":"\n\n\n\nCannaOne Announces OTC Markets Listing and DTC Eligibility\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCannaOne Announces OTC Markets Listing and DTC Eligibility\nPR Newswire\nVANCOUVER, Aug. 13, 2019\n\n\n\nVANCOUVER, Aug. 13, 2019 /PRNewswire/ - CannaOne Technologies Inc., (CSE: CNNA) (FRANKFURT: 3CT) (OTC: CNONF) (\"CNNA\" or the \"Company\"), is pleased to announce that its common shares have been approved for trading onto the OTC Markets, a US trading platform that is operated by the OTC Markets Group in New York. Effective immediately, the Company will commence trading on the OTC Markets under the symbol \"CNONF\". The Company's common shares will continue to trade on its primary market, the Canadian Stock Exchange (\"CSE\") under the symbol \"CNNA\".  \nIn addition, the Company is pleased to announce that it has received DTC eligibility by The Depository Trust Company (\"DTC\"), a subsidiary of the Depository Trust & Clearing Corporation (\"DTCC\"). Securities that are eligible to be electronically cleared and settled through the DTC are considered \"DTC eligible.\" This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers reducing transactional costs for participating brokerage firms, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. DTC provides depository and book entry services, along with a settlement system for equities in the United States and across the globe. The organization is a member of the U.S. Federal Reserve System and a registered clearing agency with the U.S. Securities and Exchange Commission. In addition, major U.S. stock exchanges, including Nasdaq and NYSE, require DTC eligibility to be listed on the respective exchanges.\n\"Receiving DTC eligibility and approval for listing and trading to the OTC market is an important step forward that expands CannaOne's potential investor base in the United States,\" said Solomon Riby-Willi...