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Cannabis company 1933 Industries uplists to the OTCQX in the US

CEO Brayden Sutton said the uplisting would provide “greater visibility” and a higher profile for the Vancouver-based company

Cannabis
The company, operating in the United States and Canada, owns licensed medical and adult-use cannabis cultivation and production assets

Cannabis company 1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF) announced Thursday that it has been accepted for trading on the OTCQX after meeting its eligibility requirements. 

The company’s shares will continue to trade under the symbol TGIFF. The uplisting reflects well on the Vancouver-based company as the OTCQX is the top tier of the three marketplaces for the over-the-counter trading of stocks. The top tier is for established, high-growth and investor-focused companies wishing to gain added exposure in the United States.

READ: 1933 Industries appoints Ryan Maarschalk as cannabis company’s chief financial officer​

"Meeting the OTCQX Best Market high financial and corporate governance standards was a significant milestone for the company during our first year of trading," said 1933 Industries CEO Brayden Sutton.

"As a US-focused issuer, we view graduating to the OTCQX Best Market as an important step in our Company's growth. Not only does it provide greater visibility and profile for our Company as we continue to penetrate legal markets in the US, but it allows us to connect with an expanded and diverse network of potential investors," he added.

The company, operating in the United States and Canada, owns licensed medical and adult-use cannabis cultivation and production assets. It controls three subsidiaries, with 91% ownership of both Alternative Medicine Association and Infused MFG and all of Spire Global Strategy.

"Graduating from the OTCQB to the OTCQX Best Market marks an important milestone for 1933 Industries," said Jason Paltrowitz, director of the OTC Markets Group International Ltd. "Trading on our premium OTCQX Market provides companies with increased visibility and more efficient trading for their global investors."

Contact Uttara Choudhury at [email protected]

Follow her on Twitter@UttaraProactive

-- (Updates with comments ) --

Quick facts: 1933 Industries Inc.

Price: 0.15 CAD

CSE:TGIF
Market: CSE
Market Cap: $42.82 m
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