Black Bird Biotech, Inc. (BBBT) Announces Application to Uplist To OTCQB Venture Market
FLOWER MOUND, TX / ACCESSWIRE / July 1, 2021 / Black Bird Biotech, Inc. (OTC PINK:BBBT), manufacturer of plant-based MiteXstreamTM biopesticide, today announced that it has submitted its application to uplist to the OTCQB Venture Market. The company's management believes uplisting its common stock to the OTCQB will serve to improve the company's position in the public markets and substantially increase its visibility to a wider range of investors.
The OTCQB Venture Market is operated by OTC Markets Group Inc. and is designed for developing and entrepreneurial companies in the U.S. and abroad. To achieve and maintain an OTCQB listing, companies are required to be current in their financial reporting, among other requirements. With more compliance and quality standards, the OTCQB provides investors improved visibility to enhance trading decisions. Importantly, the OTCQB is recognized by the Securities and Exchange Commission as an "established public market" providing public information for analysis and value of securities.
"Uplisting to the OTCQB, with its being an SEC-recognized established public market, would, in our view, provide greater visibility within the investment community, including institutional investors, and an increased opportunity for greater trading volumes and liquidity for our shareholders," said Fabian Deneault, BBBT's President.
The listing of BBBT's common stock on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements. The company satisfies the published standards for uplisting to the OTCQB Venture Market.
Available statistics indicate that an uplisting from the OTC Pink to the OTCQB can be expected to yield (1) an increase of U.S. shareholders beginning in the first year following uplisting and (2) improved trading volumes and liquidity and (3) an improvement in share price performance. In addition, an uplisting to the OTCQB serves to increase a company's public profile and overall reputation, create better information flow about the company and deliver greater insight into who a company's shareholders are.
For news and updates, shareholders and prospective investors are encouraged to follow @BBBT_Corporate on Twitter ( https://twitter.com/BBBT_Corporate ).
Black Bird Biotech is positioned to exploit market segments with powerful, re-imagined biotech products. Its EPA-registered biopesticide, MiteXstreamTM, eradicates spider mites (a lethal pest in cannabis, grapes, hops, coffee, strawberries and other agricultural crops) and eliminates molds and mildews. MiteXstreamTM is a pesticide, but it is not a poison - it's a pesticide re-imagined. The MiteXstreamTM Edge: use through the day of harvest without concern for residual "pesticide" violations, including in state cannabis testing. MiteXstreamTM is the foundational element of the company that carries vast potential worldwide as a highly effective, safe and extremely cost-effective replacement for many traditional "poisonous" pesticides.
Forward Looking Statements
This current press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any products sold or cash flow from operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE: Black Bird Biotech, Inc.
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