MustGrow Announces DTC Eligibility for its Common Shares
March 12 2020 - 7:00AM
MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF)
(the "
Company", "
MustGrow"), an
agricultural biotech company developing and commercializing a
portfolio of natural, science-based bio-pesticides, is pleased to
announce that it has received approval from the Depository Trust
Company (“
DTC”) to make the Company’s common
shares eligible to be electronically cleared and settled through
DTC (“
DTC Eligibility”).
DTC is a subsidiary of the Depository Trust and
Clearing Corporation, a United States company that manages the
electronic clearing and settlement of publicly traded companies.
DTC Eligibility incorporates an electronic method of clearing
securities that speeds up the receipt of stock and cash, and thus
accelerates the settlement process for certain investors. DTC is a
member of the U.S. Federal Reserve System, a limited-purpose trust
company under New York State banking law and a registered clearing
agency with the U.S. Securities and Exchange Commission.
In addition to trading in the United States,
MustGrow’s common shares continue to trade on the Canadian
Securities Exchange under MGRO.
About MustGrow
MustGrow is a publicly traded (CSE:
MGRO) (OTC: MGROF) agriculture biotech company focused on
providing natural science-based biological solutions for high value
crops, including fruits & vegetables. MustGrow has
designed and owns a United States EPA-approved natural solution
that uses the mustard seed’s natural defence mechanism to protect
plants from pests and diseases. Over 110 independent tests have
been completed, validating MustGrow’s safe and effective signature
products. This product, in granule format, is EPA-approved across
all key U.S. states as a bio-fertilizer and bio-pesticide
(currently limited to a bio-fertilizer in California) and is
designated by Health Canada’s PMRA (Pest Management Regulatory
Agency) as a fruit & vegetable bio-pesticide and
bio-fertilizer. MustGrow has now concentrated a liquid format that
with regulatory approval, could be applied through standard drip or
spray equipment, improving functionality and performance
features.
The Company has approximately 37 million basic
common shares issued and outstanding. For further details please
visit www.mustgrow.ca.
ON BEHALF OF THE BOARD
"Corey Giasson"
Director & CEO Phone: +1-306-668-2652
Forward-Looking Statements
Certain statements included in this press
release constitute "forward-looking statements" which involve known
and unknown risks, uncertainties and other factors that may affect
the results, performance or achievements of MustGrow.
Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects", "is expected", "budget", "estimates",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might",
"occur" or "be achieved".
Forward-looking statements are subject to a
number of risks and uncertainties that may cause the actual results
of MustGrow to differ materially from those discussed in such
forward-looking statements, and even if such actual results are
realized or substantially realized, there can be no assurance that
they will have the expected consequences to, or effects on,
MustGrow.
These risks are described in more detail in
MustGrow’s Prospectus and other continuous disclosure documents
filed by MustGrow with the applicable securities regulatory
authorities and available at www.sedar.com. Readers are
referred to such documents for more detailed information about
MustGrow, which is subject to the qualifications, assumptions and
notes set forth therein.
This release does not constitute an offer for sale of, nor a
solicitation for offers to buy, any securities in the United
States. Neither the CSE nor its Regulation Services Provider (as
that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.
Important
Always read and follow label use directions. ©
2019 MustGrow Biologics Corp. All rights reserved.
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