Zoetic International PLC Commencement of trading on the OTCQX (9940K)
January 08 2021 - 1:00AM
UK Regulatory
TIDMZOE
RNS Number : 9940K
Zoetic International PLC
08 January 2021
8 January 2021
Zoetic International plc
("Zoetic" or the "Company" or the "Group")
Commencement of trading on the OTCQX and inclusion in the MSCI
Microcap Index
Zoetic is pleased to announce that its ordinary shares are now
trading on the OTCQX(R) Best Market in the U.S., under the ticker
symbol ZOEIF. The OTCQX(R) Best Market ("OTCQX") is the highest
level of the OTC markets. Zoetic upgraded to OTCQX from the
OTCQB(R) Venture Market.
The OTCQX Market is designed for established, investor-focused
U.S. and international companies. To qualify for OTCQX, companies
must meet high financial standards, follow best practice corporate
governance, and demonstrate compliance with applicable securities
laws. Graduating to the OTCQX Market from the OTCQB Market marks an
important milestone for companies, enabling them to demonstrate
their qualifications and build visibility among U.S. investors.
Zoetic's ordinary shares will continue to trade on the London
Stock Exchange under the symbol ZOE.
In addition to the benefits of the OTCQX Market, the Company is
currently evaluating additional opportunities to improve investor
relations and communications in North America. The Zoetic directors
believe the Company represents a unique opportunity for investors
to access a company that is disrupting the tobacco industry with
high quality CBD products on an international distribution
platform.
In addition to OTCQX trading, the Company is also pleased to
announce that it recently has been included in the MSCI Microcap
Index. Inclusion in the index reflects the Company's recent
progress in transitioning to a pure play, integrated CBD company
and the resultant increase in market capitalisation. The inclusion
in the index is another step towards increasing Zoetic's stock
liquidity and investment profile in the U.S.
Trevor Taylor, Co-CEO of Zoetic, commented, "The combination of
trading on OTCQX and index inclusion reflect the Company's
tremendous progress towards transitioning to a pure play,
integrated CBD company over the past 12 months. Our recent product
development and wholesale distribution expansion have set the stage
for the first leg of projected multi-year, sustainable growth for
the Company. We couldn't be more pleased with our progress to date,
as well as our current position in this high-growth market."
**ENDS**
Enquiries
Zoetic International plc c/o IFC Advisory
Trevor Taylor, Co-CEO
Allenby Capital Limited (Financial Adviser and Broker) +44 (0)
20 3328 5656
Nick Harriss (Corporate Finance)
Nick Naylor (Corporate Finance)
Guy McDougall (Equity Sales)
IFC Advisory Ltd (Financial PR and IR) +44 (0) 20 3934 6630
Tim Metcalfe
Graham Herring
Florence Chandler
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