SPOT COFFEE (CANADA) LTD. (TSX-V:SPP) (“SPoT” or the “Company”) is pleased to announce that it has completed its cross-listing onto the OTCQB stock exchange in the United States and achieved full Depository Trust Company (“DTC”) eligibility, which will allow American investors to clear and settle their trades domestically. SPoT is now trading on both the OTCQB and the TSX-V. This concludes an important phase that the Company initiated to capitalize on the benefits of being listed on a mid-tier exchange in the United States. As a verified market with broad accessibility, the OTCQB helps companies build shareholder value and achieve fair valuation by enhancing liquidity.
The OTCQB offers companies with public listings in countries other than the United States the advantage of being publicly traded in America. The streamlined market standards of the OTCQB also enable growing companies like SPoT to provide a strong baseline of transparency and the opportunity to efficiently engage many American investors.
- Multiple OTCQB reporting standards provide investors with a reliable premium market for their securities.
- Convenient trading for American investors through their preferred broker or financial advisor with real-time quotes and trusted disclosure.
SPoT’s management will continue to provide detailed updates on the ongoing execution of its growth plan in the coming weeks.
About SPoT Coffee
SPoT Coffee has been designing, building and operating company-owned and franchise community cafés in the northeastern United States for over 25 years. SPoT's cafés provide their customers with the highest quality service, signature made-to-order meals and award-winning micro-roasted coffee. Each SPoT café is distinctively designed to suit the local neighbourhood, creating a warm and friendly gathering place for the community. SPoT's commercial business focuses on the sale of roasted coffee beans to food service and grocery chains, business offices, and the university and hospital food concession sector.
We seek Safe Harbor.
Forward-Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
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