SPoT Coffee Announces Successful Listing on OTCQB
August 09 2023 - 7:45AM
Business Wire
SPOT COFFEE (CANADA) LTD. (TSX-V:SPP) (“SPoT” or the
“Company”) is pleased to announce that it has completed its
cross-listing onto the OTCQB stock exchange in the United States
and achieved full Depository Trust Company (“DTC”) eligibility,
which will allow American investors to clear and settle their
trades domestically. SPoT is now trading on both the OTCQB and the
TSX-V. This concludes an important phase that the Company initiated
to capitalize on the benefits of being listed on a mid-tier
exchange in the United States. As a verified market with broad
accessibility, the OTCQB helps companies build shareholder value
and achieve fair valuation by enhancing liquidity.
The OTCQB offers companies with public listings in countries
other than the United States the advantage of being publicly traded
in America. The streamlined market standards of the OTCQB also
enable growing companies like SPoT to provide a strong baseline of
transparency and the opportunity to efficiently engage many
American investors.
- Multiple OTCQB reporting standards provide investors with a
reliable premium market for their securities.
- Convenient trading for American investors through their
preferred broker or financial advisor with real-time quotes and
trusted disclosure.
SPoT’s management will continue to provide detailed updates on
the ongoing execution of its growth plan in the coming weeks.
About SPoT Coffee
SPoT Coffee has been designing, building and operating
company-owned and franchise community cafés in the northeastern
United States for over 25 years. SPoT's cafés provide their
customers with the highest quality service, signature made-to-order
meals and award-winning micro-roasted coffee. Each SPoT café is
distinctively designed to suit the local neighbourhood, creating a
warm and friendly gathering place for the community. SPoT's
commercial business focuses on the sale of roasted coffee beans to
food service and grocery chains, business offices, and the
university and hospital food concession sector.
We seek Safe Harbor.
Forward-Looking
Statements
Except for statements of historical fact relating to the
Company, certain information contained herein constitutes
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information.
Forward-looking statements are based on the opinions and
estimates of management at the date the statements are made and are
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those projected in the forward-looking statements. The
forward-looking information contained in this news release is
expressly qualified by this cautionary statement. Except as
required by applicable securities laws, the Company undertakes no
obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking
statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230809450897/en/
For Further Information:
info@spotcoffee.com or Mr. Anton Ayoub, President and CEO, (416)
368-2220 Ext.228
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