HempFusion Wellness Announces Broadening of Share Liquidity With DTC Full-Service Eligibility
DENVER–(BUSINESS WIRE)–HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, is pleased to announce that its common shares have been approved for DTC full-service eligibility in the United States by the Depository Trust Company (“DTC”) and can now be both traded and serviced through DTC’s electronic book-entry system.
DTC is a subsidiary of the Depository Trust & Clearing Corp. (“DTCC”) that provides clearing and settlement services for the financial markets and settles the majority of securities transactions in the United States. This electronic method of clearing securities speeds up the receipt of stock and cash and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms.
“By offering electronic settlement, DTC eligibility provides us with a larger platform to attract investors,” commented Jason Mitchell, N.D., HempFusion’s Co-Founder and Chief Executive Officer. “From online trading platforms to banks to brokerage firms, the full spectrum of investors can now access our Company resulting in more liquidity,” continued Dr. Mitchell.