Receiving DTC eligibility increases the speed of receiving stocks and cash and accelerates the settlement process for investors
Corp () (OTCPINK:PEMTF) said Thursday that it had received approval from the Depository Trust Company (DTC) to allow its shares to be eligible for clearing and settling.
Receiving DTC eligibility increases the speed of receiving stocks and cash and accelerates the settlement process for investors.
"We are very pleased to have obtained DTC eligibility as it simplifies the process of investors and brokers trading and exchanging our stock in the United States, which will benefit Mota and our shareholders,” Ryan Hoggan, Mota’s CEO said in a statement.
READ: Mota Ventures brings in another C$2.8M from placing to advance sales
“I also expect that being DTC eligible will improve our overall liquidity and help to broaden our shareholder base in North America.”
DTC is a member of the US Federal Reserve System, a limited-purpose trust company that is a registered clearing agency with the US Securities and Exchange Commission.
Mota Ventures provides a wide range of CBD products in the US and Europe sold directly to consumers in an ecommerce model.
The Vancouver-based company’s shares also trade in Canada on the Canadian Securities Exchange and on the Frankfurt Stock Exchange in Europe.
Contact Angela at [email protected]
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CSE:MOTA
Market: CSE
Market Cap: $8.05 m
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