SUPREME SIMPLIFIES TRADING IN THE U.S. WITH DTC ELIGIBILITY SUPREME CANNABIS SIMPLIFIES TRADING IN THE U.S. WITH DTC ELIGIBILITY
The Supreme Cannabis Company Inc. has received approval from the Depository Trust Company of New York to make the company's shares DTC eligible.
DTC is a subsidiary of the Depository Trust & Clearing Corp., a United States company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be DTC eligible. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for certain investors.
"DTC eligibility greatly simplifies the process of trading our common stock in the United States, further improving our investment appeal south of the border," said Navdeep Dhaliwal, chief executive officer of Supreme Cannabis.