Vejii Announces Commencement of Trading on
OTCQB Market and Provides Update on DTC
Eligibility
VANCOUVER BC, January 21, 2022 -- InvestorsHub NewsWire
-- Vejii
Holdings Ltd. (CSE:VEJI) (OTC: VEJIF) ("the Company'' or "Vejii"), a
North American online marketplace for plant-based and sustainable
products, is pleased to announce that the Company's common shares
(the "Common Shares") will begin trading on the OTCQB market (the
"OTCQB") effective as of January 21, 2022 under the symbol "VEJIF".
The Common Shares will continue to trade on the Canadian Securities
Exchange (the "CSE") under the symbol "VEJI".
Vejii has filed for
eligibility for electronic clearing and settlement of the Common
Shares through the Depository Trust Company ("DTC") in the United
States and expects to receive a response in the coming weeks. Vejii
will provide an update once it obtains eligibility from
DTC.
DTC is a subsidiary of the
Depository Trust & Clearing Corporation, and manages the
electronic clearing and settlement of publicly traded companies.
Securities that are eligible to be electronically cleared and
settled through the DTC are considered "DTC eligible." This
electronic method of clearing securities speeds up the receipt of
stock and cash, and thus accelerates the settlement process for
investors.
"We are very pleased to
have received approval from OTC Markets Group to trade our shares
on the OTCQB and we look forward to receiving DTC eligibility in
the near future as we start our US investor awareness campaign. We
launched Vejii in the US in the last year and have developed
significant US commercial operations through Shopvejii.com and our
recent acquisitions of VeganEssentiials.com and VEDGEco.com. We
view being able to trade on the OTCQB as an important aspect of
developing a following with US investors," said Kory Zelickson, CEO
of Vejii.
About Vejii Holdings
Inc.
Headquartered in Kelowna
B.C, Vejii is a unified digital marketplace and fulfillment
platform featuring thousands of plant-based and sustainable-living
products from a growing list of hundreds of vendors. The platform
offers an easy-to-use, omnichannel experience for both vendors and
buyers, leveraging big data and artificial intelligence to
elegantly connect brands with a targeted consumer base, both
organically and through specialized marketing programs. Dynamic
fulfillment services empower brands to offer tier-one service, with
ongoing engagement being driven through features like smart lists,
subscription programs, reordering functions, sampling programs, and
more.
The Company also owns and
operates U.S.-based Veg Essentials LLC ("Vegan Essentials"), which
operates VeganEssentials.com. A staple of the plant-based
community, Vegan Essentials was established in 1997 and contributes
more than 20 years of consumer insight, data, and buying power.
VeganEssentials.com was awarded best online vegan store from
2005-2018, as well as best online vegan grocer from 2018-2021 by
VegNews Magazine.
For more information, visit
VejiiHoldings.com
VejiiHoldings.com
ON BEHALF OF THE BOARD OF
DIRECTORS:
Kory Zelickson, Director
and CEO
For further information,
please contact: IR@VejiiHoldings.com
Find Vejii on Social Media:
on Instagram, Facebook, Twitter, and LinkedIn
No securities regulatory
authority has either approved or disapproved of the contents of
this news release.
CAUTION REGARDING
FORWARD-LOOKING STATEMENTS
This press release contains
certain forward-looking statements within the meaning of applicable
securities laws with respect to the Company. These forward-looking
statements generally are identified by words such as "believe,"
"project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"will," "would," and similar expressions. Forward-looking
statements in this press release include statements relating to:
the commencement of trading of the Common Shares on the OTCQB, the
continuation of trading of the Common Shares on the CSE, the
expectation of obtaining a response from DTC regarding DTC
eligibility, the expectation of obtaining DTC eligibility, the
expectation that the Company will provide an update on DTC
eligibility and the expectation that the Company will start its US investor
awareness campaign. Although the Company believes that the
expectations and assumptions on which such forward-looking
statements and information are based are reasonable, undue reliance
should not be placed on the forward- looking statements and
information because the Company can give no assurance that they
will prove to be correct. Since forward-looking statements and
information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Many factors
could cause actual future events to differ materially from the
forward-looking statements in this press release including, without
limitation, that the Common Shares may not begin trading on at the
expected time or at all, that the Common Shares may not continue to
trade on the CSE, that the Company may not receive a response from
DTC, that the Company may not receive DTC eligibility at the
expected time or at all, that the Company may not provide an update
on DTC eligibility, that the Company may not start its US investor awareness
campaign and other factors beyond the Company's control.
Readers are cautioned that the foregoing list of factors is not
exhaustive. The forward-looking statements included in this news
release are expressly qualified by this cautionary statement. The
forward-looking statements and information contained in this news
release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
laws.