Means Faster, Easier Trading of Liberty Leaf Shares for Cannabis Sector Investors
VANCOUVER, Jan. 15, 2018 /CNW/ - Liberty Leaf Holdings Ltd. (CSE: LIB, OTCQB: LIBFF and FSE: HN3P) (the "Company" or "Liberty Leaf") is pleased to announce it has received processing approval from The Depository Trust Company ("DTC") of New York, NY, making the Company's shares DTC eligible.
DTC provides depository and book entry services for eligible stocks, as well as a settlement system. This means shares can trade electronically. Electronic clearing speeds up the delivery of stock and cash settlements, thereby accelerating trading for investors. DTC is the world's settlement organization for equities across the USA and in 131 other countries. In the USA, DTC handles some 1.4 million settlement transactions daily, valued at approximately $600 billion.
"Liberty Leaf expects that being DTC eligible will greatly simplify the process of trading our common stock on the OTC marketplace in the United States," says Liberty Leaf CEO, William Rascan. "We hope that will stimulate even greater interest in our company as a major player in the legal cannabis sector."
Besides trading electronically on the OTC marketplace in the United States, Liberty Leaf shares will continue to trade on the Canadian Security Exchange (CSE) and Frankfurt Stock Exchange.
About Liberty Leaf
Liberty Leaf Holdings Ltd. is a new Canadian-based, public company whose focus is to build and support a diversified portfolio of cannabis-sector businesses, including cultivation, processing, value-added CBD/THC pet products and supply-chain products within this dynamic and fast-growing sector.
Liberty Leaf owns a 60% interest in Just Kush, along with 100% of North Road Ventures, which is another late-stage applicant under Health Canada's ACMPR.
On behalf of the Board
Will Rascan, President & CEO
Liberty Leaf Holdings Ltd.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Liberty Leaf Holdings
For further information: http://www.libleaf.com or email [email protected].