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Indus Holdings, Inc. to Make OTCQX® Best Market Debut | ||||||||||
By: Nasdaq / GlobeNewswire - 17 Sep 2019 | Back to overview list |
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OTC trading to provide U.S. investors improved access to California cannabis leader’s shares SALINAS, Calif., Sept. 17, 2019 (GLOBE NEWSWIRE) -- Indus Holdings, Inc. (OTCQX: INDXF; CSE: INDS), a vertically integrated cannabis company with advanced production capabilities, including cultivation, extraction, manufacturing, brand sales, marketing, and distribution, today announced that the OTC Markets Group, Inc. approved the trading of Indus Holdings, Inc. shares on the OTCQX® Best Market, the premium market tier of OTC Markets Group. Shares will commence trading at the opening of the market on September 17, 2019 under the symbol “INDXF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. “We are very excited to be cross-trading on both the OTCQX and CSE,” says Indus Holdings, Inc. Co-Founder and Chief Executive Officer Robert Weakley. “The OTCQX approval is a tremendous milestone, as it makes our shares accessible to an even broader range of institutional and retail investors, aligning with our goal of increasing the liquidity and convenience of trading Indus shares within the U.S.” The Company has also applied for eligibility to The Depository Trust Company (“DTC”) for the trading of the Company’s shares on the OTC Market. DTC manages the electronic clearing and settlement of publicly traded companies to provide for quicker, more efficient and lower cost settlement for securities traded on the OTC Markets. The Company expects to be fully DTC eligible in the coming weeks and will provide an update in due course. Indus Holdings, Inc. continues to build its reputation with dispensaries through its award-winning portfolio of cannabis brands. The Company’s shares continue to trade on the Canadian Securities Exchange (CSE) under its trading symbol, “INDS.” Additionally, Indus Holdings, Inc. recently expanded its operations into the neighboring states of Nevada and Oregon; and with the acquisitions of Shredibles LLC and The Humble Flower Co. suite of products, it is unlocking new growth opportunities in the rapidly growing CBD market. About Indus Holdings, Inc. About OTC Markets Group Inc.
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Copyright 2019 Nasdaq / GlobeNewswire | Back to overview list |