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Harvest One Cannabis begins trading on OTCQX, top over-the-counter tier in the US

The cannabis company says the upgrade will provide improved exposure and access to US markets

A marijuana plant
In November, the company posted record quarterly revenue of C$1.68 million, driven by its Dream Water subsidiary

Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) began trading Monday on the OTCQX, the top tier of the over-the-counter marketplace in the US.

The Vancouver-based cannabis company said in a press release that the upgrade to OTCQX will provide improved exposure and access to the US markets as well as improving liquidity for investors in both Canada and the US. The other over-the-counter tiers are OTCQB and Pink.

READ: Harvest One Cannabis posts record revenue, enjoying boost from Dream Water subsidiary

"Harvest One is pleased to move to the OTCQX as 2019 will be a transformational year where we execute our strategy across a portfolio of brands in medical, consumer and retail," CEO Grant Froese said in a statement.

Jason Paltrowitz, director of OTC Markets Group International Ltd. and executive vice president of corporate services, said OTCQX provides international companies seeking to gain visibility in the US with “a trusted and transparent market.”

Harvest One was sponsored for the OTCQX by JP Galda & Co, a Berwyn, Pennsylvania law firm.

Shares of Harvest One climbed C$0.04 to C$0.46 in Friday’s Canadian trading. They advanced US$0.03 to US$0.35 on the OTC Markets.

In November, the company posted record quarterly revenue of C$1.68 million, driven by its Dream Water subsidiary’s sales.


Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

Quick facts: Harvest One Cannabis Inc.

Price: 0.08 CAD

TSX-V:HVT
Market: TSX-V
Market Cap: $17.21 m
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