Tidal Royalty expects to resume trading on OTC Markets after FINRA application

Tidal Royalty Corp (CSE:RLTY.U) said it expects to resume trading on the OTC Markets in the US after filing an application with the Financial Industry Regulatory Authority.

The Toronto-based provider of royalty financing for the legal cannabis industry said Monday in a press release that the Securities and Exchange Commission advised it in December that the agency had completed its review of the company’s registration statement.

READ: Tidal Royalty set to file registration statement with SEC; looks to reinstate shares on OTC

Tidal Royalty added that the registration statement is effective and rectifies the filing deficiencies of its predecessor entity.

In September, the OTC Markets stopped listing its common shares under the symbol TDRYF. The SEC had revoked the registration of the common shares of a predecessor company, Elkhorn Gold Mining Corp, for filing deficiencies, according to Tidal Royalty.

Shares of Tidal Royalty climbed C$0.01 to C$0.10 in Monday’s Canadian trading.

Contact Dennis Fitzgerald at [email protected]

Story by ProactiveInvestors