Pure Global Cannabis Inc. Announces Application for DTC Eligibilty and United States OTC Market Quote
TORONTO, July 25, 2018 – Pure Global Cannabis Inc. (TSX.V:PURE, OTC:PRCNF) (the “Company” or Pure Global“) is pleased to announce that it has applied for eligibility to The Depository Trust Company (“DTC”) for its shares trading on the OTC Market under the symbol “PRCNF”. The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors trading on the OTC marketplace, where Pure Global trades under the symbol “PRCNF”. The company expects that it will be fully DTC eligible in the coming weeks.
Pure Global President & CEO Malay Panchal stated: “This is an important step in growing the international investor base for Pure Global. We look forward to continue expanding our reach to the investment community of our exciting, high growth cannabis company.”
About Pure Global Cannabis
Pure Global Cannabis Inc. (TSXV: PURE; OTC: PRCNF) is a growth-oriented life sciences cannabis company led by experienced pharma-industry, horticultural, and supply chain experts. The Company’s wholly-owned subsidiary, PureSinse, is a licensed producer under the Access to Cannabis for Medical Purposes Regulations (“ACMPR“) focused on producing premium-quality cannabis products for medical, wellness, and future legal adult recreational use. The Company is launching Canada’s first multi-ponic cannabis farm – a patent-pending system that is expected to produce several fold greater yields over traditional methods while reducing cost and eliminating pesticide and herbicide use.
This news release contains certain forward-looking statements, including, but not limited to, statements about Pure Global’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Pure Global cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Pure Global assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.