OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Choice Consolidation Corp. (NEO: CDXX.UN.U; OTCQX: CDXXF), a special purpose acquisition company (‘SPAC’) targeting an acquisition of one or more cannabis businesses or assets, has qualified to trade on the OTCQX® Best Market. Choice Consolidation Corp. upgraded to OTCQX from the Pink® market.
Choice Consolidation Corp. begins trading today on OTCQX under the symbol “CDXXF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
“Since completing our capital raise in February, we’ve reviewed numerous opportunities in the cannabis space to deploy the $172.5 million we raised,” said Joseph Caltabiano, CEO, Choice Consolidation Corp. “We believe upgrading to the OTCQX Marketplace will benefit our shareholders and improve liquidity of our stock.”
Dickinson Wright PLLC acted as the company’s OTCQX sponsor.
