CEO Clint Sharples said the move will give US investors easier access to investing in shares of Heritage
The OTC Markets Group Inc () announced Friday that Holdings () (OTCQX:HERTF) has qualified to trade on the best market, having been upgraded from the OTC Pink.
Based in Toronto, Heritage is a cannabis holding company has four synergistic businesses under its umbrella.
"We are very happy with this upgrade to the OTCQX Market, in particular with our recent expansion plans to enter the U.S. market, beginning with the 30% acquisition of Endocanna Health. This will provide U.S. investors with the opportunity to more easily invest in shares of Heritage," CEO Clint Sharples, CEO of Heritage. "We already have a significant U.S. shareholder base, and we expect this will continue to grow as we expand into the U.S. cannabis market and Heritage becomes more widely recognized."
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Heritage Cannabis Holdings will begin trading on Monday, May 20, 2019 on OTCQX under the symbol HERTF.
"Heritage Cannabis Holdings' graduation to the OTCQX Best Market will enable the company to provide more efficient and transparent trading for investors," said Jason Paltrowitz, executive vice president of corporate services at the OTC Markets Group. "Upgrading to OTCQX from the Pink Market marks an important milestone in the U.S. for those international companies that seek to build visibility, liquidity and shareholder value. We are pleased to welcome Heritage Cannabis Holdings to the OTCQX Market."
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Heritage’s subsidiaries Voyage Cannabis Corp and CannaCure Corp are both Health Canada-approved licensed cannabis producers, while Purafarma Solutions provides extraction services and BriteLife Sciences focuses on the medical market.
Shares of Heritage Cannabis were at C$0.47 on Friday.
Contact Katie Lewis at [email protected]