HempFusion Wellness Announces Broadening of Share Liquidity With DTC Full-Service Eligibility
February 26 2021 - 06:05AM
Business Wire
HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF)
(FWB:8OO) (“HempFusion” or the “Company”), a leading health and
wellness CBD company utilizing the power of whole-food hemp
nutrition, is pleased to announce that its common shares have been
approved for DTC full-service eligibility in the United States by
the Depository Trust Company ("DTC") and can now be both traded and
serviced through DTC's electronic book-entry system.
DTC is a subsidiary of the Depository Trust & Clearing Corp.
("DTCC") that provides clearing and settlement services for the
financial markets and settles the majority of securities
transactions in the United States. This electronic method of
clearing securities speeds up the receipt of stock and cash and
thus accelerates the settlement process for investors and brokers,
enabling the stock to be traded over a much wider selection of
brokerage firms.
"By offering electronic settlement, DTC eligibility provides us
with a larger platform to attract investors," commented Jason
Mitchell, N.D., HempFusion's Co-Founder and Chief Executive
Officer. "From online trading platforms to banks to brokerage
firms, the full spectrum of investors can now access our Company
resulting in more liquidity," continued Dr. Mitchell.
ABOUT HEMPFUSION
HempFusion is a leading health and wellness CBD company
utilizing the power of whole-food hemp nutrition. HempFusion
distributes its family of brands, including HempFusion, Probulin
Probiotics, Biome Research, and HF Labs, to approximately 4,000
retail locations across all 50 states of the United States and
select international locations. Built on a foundation of regulatory
compliance and human safety, HempFusion’s diverse product portfolio
comprises 48 SKUs including tinctures, proprietary FDA Drug Listed
Over-The-Counter (OTC) Topicals, Doctor/Practitioner Lines and
more. With a strong focus on research and development, HempFusion
has an additional 30 products under development. HempFusion is a
board member of the US Hemp Roundtable, and HempFusion’s
wholly-owned subsidiary, Probulin Probiotics, is one of the
fastest-growing probiotics companies in the United States,
according to SPINs reported data. HempFusion’s CBD products are
based on a proprietary Whole Food Hemp Complex™ and are available
in-store or by visiting HempFusion online at www.hempfusion.com or
www.probulin.com.
Follow HempFusion on Twitter, Facebook and Instagram and
Probulin on Twitter, Facebook and Instagram.
Neither the TSX nor its Regulation Services Provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210226005095/en/
Jason Mitchell, N.D. Chief Executive Officer and Director Email:
ir@hempfusion.com Phone: 416-803-5638
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