OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced WeedMD Inc. (TSX-V: WMD; OTCQX: WDDMF), the parent company of WeedMD Rx Inc., a federally licensed producer and distributor of cannabis and cannabis oil, has qualified to trade on the OTCQX® Best Market. WeedMD upgraded to OTCQX from the Pink® market.
WeedMD begins trading today on OTCQX under the symbol “WDDMF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
“WeedMD’s 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 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 WeedMD to the OTCQX Market.”
“Having our company traded on the OTCQX Best Market allows us to have more visibility in the U.S market and to build greater liquidity among current and future shareholders,” said Keith Merker, CEO of WeedMD. “We are excited to be growing our investment community through a well-respected platform.”
WeedMD was sponsored for OTCQX by N. I. Jacobs & Associates, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About WeedMD Inc.WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of cannabis and cannabis oil under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The Company operates two facilities: a 26,000 sq. ft. indoor facility in Aylmer, Ontario and a state-of-the-art greenhouse facility located in Strathroy, Ontario. The Greenhouse currently has 44,000 square feet of licensed space in production and is expected to have a total footprint of more than 500,000 square feet online by year-end 2018. WeedMD has a multi-channeled distribution strategy that includes supply agreements with Shoppers Drug Mart and provincial distribution agencies, as well as through strategic relationships across the seniors’ market in Canada.
About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX:OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
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SOURCE OTC Markets Group Inc.