The Canadian Bioceutical Corp. (BCC) has recently obtained DTC Eligibility from The Depository Trust Co. for its OTCQB marketplace shares, making it easier to trade and exchange the company’s common stock.
BCC announced its eligibility from the DTC saying in a statement that the move will simplify the trading and exchanging of the company’s common stock on the OTCQB and United States market. The company also said in a statement that it began trading on the OTCQB in May and is expected to increase its “addressable universe” of potential investors.
BCC, based out of Ontario, with subsidiaries in the United States, supplies management, staffing, procurement, advisory, financial, real estate, logistics and administrative services to two medicinal cannabis enterprises out of Arizona.
The company, which operates under the Health for Life brand, is currently in the developing stages for a third Arizona dispensary. BCC is also preparing for the states of Massachusetts and Nevada’s legalization of adult cannabis to expand into those areas. In addition, BCC’s leased property in Owen Sound is under application for cannabis production and sales licensing.
The Depository Trust Co. manages the electronic clearing and settlement of publicly traded companies and designates secured, eligible companies with its “DTC eligibility.”