Biome Receives DTC Eligibility

Biome Receives DTC Eligibility

Biome Grow Inc. (CSE: BIO) (OTC: ORTFF) (FSE: 60TA) admits that it has procured The Depository Trust Company (“DTC”-RRB- eligibility for its shares traded in the United States under the symbol ORTFF. The firm’s common shares traded on the OTC Market in the United States, under the symbol”ORTFF” are DTC qualified, effective December 13th, 2018. The “DTC” will ease electronic settlement of transfers of its common shares in america. The receipt of money and stock speeds up, and accelerates the settlement process for certain investors.

Khurram Malik, Chief Executive Officer of Biome says:”We are extremely pleased to have obtained DTC eligibility. Its shares are being registered by biome with DTC as a basic step towards establishing the firm with the investment community. This electronic way of clearing securities enabling the stock to be traded within a choice of brokerage firms, and thus accelerates the settlement process for agents and investors, expedites the receipt of money and stock. The DTC’s electronic settlement of our shares is critical to having an effective market.”

The “DTC” is a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the United States.   DTC eligibility will simplify the process of trading and is expected to enhance liquidity of the firm’s common shares.

About Biome  

Biome wholly owns five subsidiaries, such as: The Back Home Medical CannabisCorporation, a company incorporated under the laws of the Province ofNewfoundland and Labrador and in the late stages of applying for a license under the ACMPR; Great Lakes Cannabis, a company incorporated under the laws of the Province of Ontario and at the late stages of applying for a license under the ACMPR; Highland Grow Inc., a licensed producer in Nova Scotia underCanada’s ACMPR; Red Sands Craft Cannabis Co., a company incorporated under the laws of the Province of Prince Edward Island, and; Weed Virtual Retail Inc., a company incorporated under the laws of the Province of Ontario in the business of operating a new virtual reality technology platform focused exclusively on the recreational and medical cannabis markets. Biome is a firm with business interests.

This news release contains forward‐looking forward and statements ‐looking information within the meaning of applicable securities laws. These statements relate to future events or performance. All statements other than statements of historical fact may be forward‐looking statements or information. Generally, forward-looking statements and information could be identified by the use of forward-looking terminology such as “plans”, “anticipates ” or “does not expect”, “proposed”, “is anticipated ”, “budgets”,“scheduled”, “estimates”, “predictions ”, “intends”, “anticipates” or “does not anticipate”, or “considers ”, or variations of such words and phrases, or by the use of words or phrases that say that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without restriction, this news release contains forward‐looking statements and information concerningDTC eligibility and the process related to shares trading in the UnitedStates below this methodSuch forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to Biome connected to DTC eligibility and electronic settlement of transfers in america.

These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Readers are further cautioned not to put undue reliance on forward-looking statements since there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The statements contained in this news release are expressly qualified by this cautionary statement.

For Additional information: 

SBP continues to drive market awareness for leading companies in the cannabis industry throughout the U.S. and abroad.

Published at Fri, 14 Dec 2018 13:38:32 +0000

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