VANCOUVER, Aug. 13, 2019 /PRNewswire/ – CannaOne Technologies Inc., (CSE: CNNA) (FRANKFURT: 3CT) (OTC: CNONF) (“CNNA” or the “Firm“), is pleased to announce that its frequent shares have been authorized for trading onto the OTC Markets, a US trading platform that is operated by the OTC Markets Group in New York. Productive promptly, the Firm will commence trading on the OTC Markets below the symbol “CNONF“. The Company’s frequent shares will continue to trade on its major market place, the Canadian Stock Exchange (“CSE“) below the symbol “CNNA“.
In addition, the Firm is pleased to announce that it has received DTC eligibility by The Depository Trust Firm (“DTC“), a subsidiary of the Depository Trust & Clearing Corporation (“DTCC“). Securities that are eligible to be electronically cleared and settled by way of the DTC are regarded “DTC eligible.” This electronic strategy of clearing securities speeds up the receipt of stock and money, and as a result accelerates the settlement method for investors and brokers minimizing transactional fees for participating brokerage firms, enabling the stock to be traded more than a substantially wider choice of brokerage firms by coming into compliance with their needs. DTC delivers depository and book entry solutions, along with a settlement method for equities in the United States and across the globe. The organization is a member of the U.S. Federal Reserve Program and a registered clearing agency with the U.S. Securities and Exchange Commission. In addition, key U.S. stock exchanges, like Nasdaq and NYSE, need DTC eligibility to be listed on the respective exchanges.
“Receiving DTC eligibility and approval for listing and trading to the OTC market place is an critical step forward that expands CannaOne’s prospective investor base in the United States,” mentioned Solomon Riby-Williams, CEO. “Given the sturdy foundation we have laid and the continued execution of our development method, with the current launch of the BWell on the web marketplace in the United States, we appear forward to continuing to introduce our distinctive story to further investors in 2019 and beyond.”
About CannaOne Technologies
CannaOne Technologies is a computer software improvement and technologies corporation that has developed its personal proprietary on the web E-Commerce Marketplace resolution linking the quickly expanding business to shoppers. The company’s initial customer item, BloomKit, is a computer software suite that delivers a total on the web toolkit for a selection of applications for organizations in the sector. CannaOne has currently effectively launched 1 such marketplace, BWell (thebewellmarket.com), in the United States, facilitating the sale of a massive choice of premium CBD items from several suppliers to shoppers. The platform contains an infrastructure to develop customer engagement like an AI capacity to propose items and fulfill orders.
In addition, to date, CannaOne has secured various contracts and expects to launch marketplaces in Mexico and the UK marketplace. The company’s vision is to offer complete on the web options for the business globally and is now effectively-positioned to offer providers, a premium, turnkey technologies platform for their CBD items that not only supplies them with items, but educates and engages their neighborhood from the ground up.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS Solutions PROVIDERS HAVE REVIEWED OR ACCEPT Duty FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The securities referred to herein will not be registered below the United States Securities Act of 1933, as amended, and could not be presented or sold in the United States absent registration or an applicable exemption from registration needs.
FORWARD-Hunting STATEMENTS: Particular details contained herein could constitute “forward-seeking information” below Canadian securities legislation. Commonly, forward-seeking details can be identified by the use of forward-seeking terminology such as, “will be”, or variations of such words and phrases or statements that particular actions, events or benefits “will” happen. Forward-seeking statements are primarily based on the Company’s estimates and are topic to recognized and unknown dangers, uncertainties and other things that could trigger the actual benefits, level of activity, overall performance or achievements of CannaOne to be materially various from these expressed or implied by such forward-seeking statements or forward-seeking details, like capital expenditures and other fees. There can be no assurance that such statements will prove to be precise, as actual benefits and future events could differ materially from these anticipated in such statements. Accordingly, readers must not location undue reliance on forward-seeking statements and forward-seeking details. CannaOne will not update any forward-seeking statements or forward-seeking details that are incorporated by reference herein, except as expected by applicable securities laws.
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