News release 2019-03-05 17:19 ET - News Release
Mr. Boris Ziger reports
MATICA TO BEGIN TRADING ON THE OTCQB
Matica Enterprises Inc. has been approved to begin trading on the OTCQB tomorrow under the symbol MQPXF. Real-time information, quotes and the trading statistics can be found on-line.
. This is the latest development in the company's strategy to provide improved channels for market participation.
"Canadian cannabis companies are becoming the subject of greater worldwide interest. It therefore becomes more important to be highly visible on accessible trading platforms such as the OTCQB, thereby increasing exposure to U.S. and global cannabis investors," noted Boris Ziger, chief executive officer of Matica.
In addition to trading under the symbol MQPXF on the OTCQB, Matica also trades in Canada on its home exchange, the CSE, under its symbol MMJ which highlights the company's commitment to the medical marijuana market. Company shares also trade on Frankfurt under the symbol 39N.
Corporate update
Dorval is a few weeks away from the first cultivation. A second crop has recently been planted (see the Feb. 21, 2019, news release) and Matica is currently in discussions to sell the initial crops wholesale to another LP. Matica feels this is an important revenue generating step while it waits to receive its sales licence from Health Canada.
Matica plans to market cannabis produced at Dorval once Health Canada issues a sales licence. As such, the company is rebranding and has revamped the website. Website development will continue while Matica prepares for product sale. Also, the company has a new website address.
Planning for greenhouses and outdoor growing is continuing at the 181-acre Hemmingford site. Work will begin again once weather permits.
Matica has begun manufacturing of the proprietary odour capturing spray developed with Yunify (Nov. 6, 2018, news release). Natural ions encapsulation technology traps and neutralizes cannabis odours. The product functions as a personal spray or as a room deodoriser.
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