OTC Markets Group Welcomes TerrAscend Corp. to OTCQX

Monday, October 22, 2018 Drug News
Email Print This Page Comment bookmark
Font : A-A+

NEW YORK, Oct. 22, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial

markets for 10,000 U.S. and global securities, today announced TerrAscend Corp. (CSE: TER; OTCQX: TRSSF), a biopharmaceutical and wellness company that is committed to quality products, brands and services for the global cannabinoid market, has qualified
to trade on the OTCQX® Best Market.

TerrAscend Corp. begins trading today on OTCQX under the symbol "TRSSF."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"Trading on the OTCQX Best Market will provide TerrAscend more efficient and transparent trading for its investors," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Upgrading to trade on OTCQX marks an important milestone in the U.S. for those international companies looking to increase visibility and shareholder value. We are pleased to welcome TerrAscend to the OTCQX Market."

Michael Nashat, President and Chief Executive Officer, stated, "We are excited to now trade on the OTCQX as we look to build a presence in the U.S. market, broaden investor access to our shares and further create shareholder value. We view being on the OTCQX as a natural step to the expansion of our business model, as we have recently announced our intention to explore and pursue growth opportunities in the U.S., including potential acquisitions of operators in states that have legalized cannabis for therapeutic or adult-use." 

TerrAscend Corp. was sponsored for OTCQX by J.P. Galda & Co., a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership. 

About TerrAscend Corp.TerrAscend Corp. (the "Company") is a biopharmaceutical and wellness company that is committed to quality products, brands and services for the global cannabinoid market. The Company provides support to patients and consumers through its wholly-owned subsidiaries, TerrAscend Canada Inc., a licensed cannabis producer under the Cannabis Act that provides medical cannabis to patients through its online medical marketplace Solace Health, and Solace Health Network Inc., a clinical support program and education platform led by healthcare professionals. The Company participates in the adult-use market in Canada through direct and indirect supply agreements in several provinces. The Company holds a partnership with leading researchers in Ascendant Labs, a cannabis biotechnology and licensing company committed to the continuous improvement of the cannabis plant.

About OTC Markets Group Inc.OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

Subscribe to the OTC Markets RSS Feed

Media Contact:OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

Cision View original content:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-terrascend-corp-to-otcqx-300734672.html

SOURCE OTC Markets Group Inc.



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store