Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or “the Company”), a leading multi-state cannabis company, today announced that its subordinate voting shares (including those traded on the OTCQX) are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States.
“DTC eligibility supports our objectives to enhance liquidity while expanding our shareholder base and is requisite in strengthening Verano’s presence in the U.S. capital markets,” said George Archos, Verano Founder and CEO. “With Verano shares now traded electronically, existing shareholders can benefit from greater liquidity and speed of trade execution, and new investors will be less restricted from participating in our stock.”
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. This electronic method of clearing securities simplifies the process of trading and transferring the Company’s common shares between brokerages in the United States.
