() (OTCMKTS:AUSAF) has qualified to trade on the OTCQX Best Market, the OTC Markets Group () announced Wednesday.
The Las Vegas-based cannabis company was upgraded from the OTCQB Venture Market and began trading Wednesday on the new platform, according to a statement.
"We are pleased to welcome . to the OTCQX Best Market," said Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group. "Upgrading to OTCQX from the OTCQB Venture Market enables companies to build visibility and liquidity by providing a transparent trading market for their share.”
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With the upgrade, Australis now joins more than 400 established, investor-focused US and international companies.
"OTCQX companies must meet the highest financial standards, follow best practice corporate governance and demonstrate compliance with US securities laws," said Michael Carlotti, CFO of Australis.
The company, spun off from (NYSE:ACB) last year, has nine assets in the cannabis industry, four of which are wholly-owned. This includes brands such as Body & Mind, Mr. Natural and Green Therapeutics.
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