The Greater Cannabis Company, Inc. (OTC:GCAN) (“the Company”), a biopharmaceutical company focused on development and commercialization of innovative delivery systems for the Cannabis market, today announced that shares of its common stock were approved for quotation on the OTCQB® Venture Market. To qualify for this market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and be current in their disclosure. The Company believes that the move to the OTCQB will provide enhanced investor benefits including higher reporting standards, greater access to analyst coverage and news services, and more comprehensive compliance requirements. The OTCQB is considered by the Securities and Exchange Commission (SEC) as an “established public market” for the purpose of determining the public market price when registering securities for resale with the SEC. The OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements. The majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.
“Since going public we have focused on enhancing transparency and implementing best practice corporate governance. Upgrading from the Pink Market Tier to the OTCQB is the next logical step in our strategy as we work to unlock and maximize shareholder value”, stated Aitan Zacharin, CEO of Greater Cannabis. “Our decision to move to the OTCQB® Venture Market reflects the building interest in our story and will allow us to increase our exposure to the investment community, both in the US and internationally.” “We anticipate that trading on the OTCQB will not only help in increasing our shareholder base, but will also raise visibility with institutional investors, which historically do not invest in Pink Sheet companies. We are excited to increase liquidity and transparency for our shareholders through an established and respected platform.”
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