TORONTO, Oct. 24,
2022 /CNW/ - Global Food and Ingredients Ltd. (TSXV:
PEAS) (OTCQX: PEASF) ("GFI" or the "Company"), is
pleased to announce that its common shares are now eligible for
electronic clearing and settlement in the
United States through the Depository Trust Company ("DTC").
DTC Eligibility is expected to simplify the process of trading and
enhance liquidity of GFI's shares in the
United States.
The Company's shares began trading on the OTCQX on September 28, 2022 under the ticker "PEASF".
The DTC is a subsidiary of the Depository Trust & Clearing
Corporation, a U.S. company that manages the electronic clearing
and settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through DTC are
considered to be "DTC eligible". This electronic method of clearing
securities speeds up the receipt of stock and cash, and thus
accelerates the settlement process for investors and brokers,
enabling the stock to be traded over a much wider selection of
brokerage firms by coming into compliance with their
requirements.
Bill Murray, Chief Financial
Officer remarked, "This is an exciting and important milestone for
GFI, increasing convenience to our current and prospective
shareholders in the US public markets. Being DTC eligible will make
the trading of our stock easier, faster and cheaper for a wider
array of investors."
About GFI
GFI is a fast-growing Canadian plant-based food and ingredients
company, connecting the local farm to the global supply chain for
peas, beans, lentils, chickpeas and other high protein specialty
crops. GFI is organized into four primary business lines: Pea
Protein Inputs, Plant-Based Ingredients, Plant-Based Pet Food
Ingredients and Plant-Based Consumer Packaged Goods. Headquartered
in Toronto, GFI buys directly from
its extensive network of farmers, processes its products locally at
its four wholly-owned processing facilities in Western Canada and ships to 37 countries
across the world.
GFI's vision is to become a vertically integrated farm-to-fork
plant-based company providing traceable, locally sourced, healthy
and sustainable food and ingredients. Through recent
acquisition and development activities, GFI now offers a full suite
of Plant-Based Consumer Packaged Goods with over 20 SKUs under the
Yofiit, Bentilia and Five Peas in Love brands.
Website: www.gfiglobalfood.com
Social media links: https://linktr.ee/gfi.globalfood
SOURCE Global Food and Ingredients