TORONTO, Jan. 31, 2019
/CNW/ - Pure Global Cannabis Inc. (TSX.V:PURE; OTC:
PRCNF; FRA:1QS) (the "Company" or "Pure Global") an
integrated, growth-oriented life sciences and consumer products
cannabis company, with its wholly owned subsidiary PureSinse Inc.
("PureSinse"), is pleased to announce that it has secured
eligibility by The Depository Trust Company ("DTC") for its
common shares which trade on the U.S. OTC markets under the symbol
"PRCNF".
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. DTC eligibility
permits shares of Pure Global to be distributed, settled and
serviced through DTC's automated processes, leveraging the
efficiencies created through the electronic clearing and settlement
of securities. DTC services provide cost benefits for investors and
brokers trading Canadian securities in the United States.
"We are very pleased to have attained DTC eligibility. We
believe this will improve trading in the U.S. markets and increase
share liquidity in all public markets in which we trade," said
Malay Panchal, President and CEO of Pure Global.
About Pure Global Cannabis
Pure Global Cannabis Inc. (TSX.V:PURE; OTC:PRCNF;
FRA:1QS) is an innovation-based cannabis company led by experienced
pharma, biotechnology, horticultural, and consumer packaged goods
(CPG) experts. The Company's wholly owned subsidiary, PureSinse
Inc., is a licensed producer under the Cannabis Act. The
Company's Brampton campus houses
facilities for vertically farmed cultivation, R&D, extraction,
manufacturing, and distribution. Pure Global will produce branded
and white-labeled cannabis products for the medical,
pharmaceutical, wellness, health & beauty, natural health, food
& beverage, and recreational legal markets with uniquely
formulated and purified concentrates. The Company is using the
Canadian market as a springboard to develop and manufacture
GMP-compliant cannabis products for international sale and
distribution with a goal to become one of the most trusted premium
international cannabis brands.
To register to Pure Global's mailing list, please visit
www.pureglobal.com. Follow @pureglobalcanna on Twitter and
Facebook and @pureglobalcannabis on Instagram.
FORWARD-LOOKING STATEMENTS
This news release contains
certain forward-looking statements, including, but not limited to,
statements about Pure Global's future plans and intentions.
Wherever possible, words such as "may", "will", "should", "could",
"expect", "plan", "intend", "anticipate", "believe", "estimate",
"predict" or "potential" or the negative or other variations of
these words, or similar words or phrases, have been used to
identify these forward-looking statements. These statements reflect
management's current beliefs and are based on information currently
available to management as at the date hereof.
Forward-looking statements involve significant risk,
uncertainties and assumptions. Many factors could cause actual
results, performance or achievements to differ materially from the
results discussed or implied in the forward-looking statements.
These factors should be considered carefully, and readers should
not place undue reliance on the forward-looking statements.
Although the forward-looking statements contained in this news
release are based upon what management believes to be reasonable
assumptions, Pure Global cannot assure readers that actual results
will be consistent with these forward-looking statements. These
forward-looking statements are made as of the date of this news
release, and Pure Global assumes no obligation to update or revise
them to reflect new events or circumstances, except as required by
law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Pure Global Cannabis Inc.