General Cannabis Joins OTCQX U.S.
July 26 2011 - 8:00AM
Marketwired
General Cannabis, Inc. (OTCQX: CANA), a
technology-based Internet marketing services company, today
announced that its common stock is now trading on the OTC market's
highest tier, OTCQX, under the ticker symbol "CANA."
"We are pleased to announce that our stock is now trading on the
OTCQX," said Jim Pakulis, Chief Executive Officer of General
Cannabis. "Typically, trading on the OTCQX provides shareholders
the opportunity to participate in a broader and more active market.
It also provides greater accessibility, transparency and
liquidity."
The Lebrecht Group, APLC will serve as General Cannabis'
Designated Advisor for Disclosure ("DAD") on OTCQX, providing
guidance on the OTCQX requirements and assisting with the Company's
corporate access initiatives.
Investors can find current financial disclosure and Real-Time
Level 2 quotes for General Cannabis at www.otcqx.com and
www.otcmarkets.com.
About General Cannabis
General Cannabis, Inc., (OTCQX: CANA) a technology-based
Internet marketing services company, offers customers an integrated
suite of services including media, technology, marketing and
management. Founded in 2010, General Cannabis is headquartered in
Newport Beach, California.
About OTC Markets Group
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest electronic marketplace for broker-dealers to trade unlisted
stocks. Our OTC Link™ platform supports an open network of
competing broker-dealers that provide investors with the best
prices in over 10,000 OTC securities. In 2010, securities on OTC
Link traded over $144 billion in dollar volume, making it the third
largest U.S. equity trading venue after NASDAQ and the New York
Stock Exchange. We categorize the wide spectrum of OTC-traded
companies into three tiers -- OTCQX (the quality-controlled
marketplace for investor friendly companies), OTCQB® (the U.S.
reporting company marketplace for development stage companies), and
OTC Pink™ (the speculative trading marketplace) -- so investors can
identify the level and quality of information companies provide. To
learn more about how OTC Markets Group makes the unlisted markets
more transparent, informed, and efficient, visit
www.otcmarkets.com.
Safe Harbor Notice
Certain statements contained herein are "forward-looking
statements" (as defined in the Private Securities Litigation Reform
Act of 1995). General Cannabis, Inc. cautions that statements made
in this news release constitute forward-looking statements and
makes no guarantee of future performance. Forward-looking
statements are based on estimates and opinions of management at the
time statements are made. These statements may address issues that
involve significant risks, uncertainties, estimates and assumptions
made by management. Actual results could differ materially from
current projections or implied results. General Cannabis, Inc.
undertakes no obligation to revise these statements following the
date of this news release.
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