OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced TerrAscend Corp. (CSE: TER; OTCQX: TRSSF), a biopharmaceutical and wellness company that is committed to quality products, brands and services for the global cannabinoid market, has qualified to trade on the OTCQX® Best Market.
TerrAscend Corp. begins trading today on OTCQX under the symbol “TRSSF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
“Trading on the OTCQX Best Market will provide TerrAscend more efficient and transparent trading for its investors,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “Upgrading to trade on OTCQX marks an important milestone in the U.S. for those international companies looking to increase visibility and shareholder value. We are pleased to welcome TerrAscend to the OTCQX Market.”
Michael Nashat, President and Chief Executive Officer, stated, “We are excited to now trade on the OTCQX as we look to build a presence in the U.S. market, broaden investor access to our shares and further create shareholder value. We view being on the OTCQX as a natural step to the expansion of our business model, as we have recently announced our intention to explore and pursue growth opportunities in the U.S., including potential acquisitions of operators in states that have legalized cannabis for therapeutic or adult-use.”
TerrAscend Corp. was sponsored for OTCQX by J.P. Galda & Co., a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.