Tidal Royalty Corp shares eligible for DTC, which should improve liquidity
Tidal Royalty Corp (CSE:RLTY.U, OTC:TDRYF), which provides royalty financing to US cannabis operators, said its shares on OTC were now eligible for The Depository Trust Company (DTC).
The company’s common shares are now fully DTC eligible and trade under the symbol TDRYF on the OTC Markets, it said.
This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors, the firm added.
“We are very pleased to have obtained DTC eligibility,” said chief executive Paul Rosen.
“This status will make the process of trading our stock in the United States much easier.
“We expect that this will make our shares available to a larger percentage of the investment market, which should improve the liquidity of our shares and therefore benefit Tidal Royalty and our shareholders.”
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/202759/tidal-royalty-corp-shares-eligible-for-dtc-which-should-improve-liquidity-202759.html
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