OTC Markets Group Welcomes AusCann Group Holdings Ltd. to OTCQX
NEW YORK, Sept. 11, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced AusCann Group Holdings Ltd. (ASX: AC8; OTCQX: ACNNF), an Australian-based pharmaceutical company that aims to produce high quality, economical, and clinically validated cannabinoid medicines, has qualified to trade on the OTCQX® Best Market. AusCann upgraded to OTCQX from the Pink® market.
AusCann begins trading today on OTCQX under the symbol "ACNNF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome AusCann as the first ASX-listed company to join the OTCQX Best Market this year," said Jason Paltrowitz, Executive Vice President of OTC Markets Group. "International companies cross-traded on OTCQX have seen, on average, increased US ownership, improved liquidity in their home market and enhanced shareholder value, as evidenced in a recent study conducted by Oxford Metrica. Trading on the ASX in Australia and on the OTCQX Market in the U.S. will enable AusCann to efficiently build global investor awareness."
AusCann Managing Director Elaine Darby said, "We believe AusCann will benefit significantly from the increased global exposure cross-trading will provide us and we look forward to strengthening our international partnerships. As regulatory changes are enacted worldwide and the benefits of cannabinoid medicines become more accepted, AusCann is seeing an increasing number of opportunities to expand its global footprint."
AusCann was sponsored for OTCQX by Sichenzia Ross Ference Kesner LLP, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership. Viriathus Capital LLC served as AusCann's financial advisor.
About AusCann Group Holdings Ltd.
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SOURCE OTC Markets Group Inc.
Company Codes: OTC-PINK:OTCM, Australia:AC8, OTC-PINK:ACNNF, OTC-QX:ACNNF, OTC-QX:OTCM