01:29:18 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



New Leaf Ventures Inc
Symbol NLV
Shares Issued 33,062,947
Close 2020-07-22 C$ 0.40
Market Cap C$ 13,225,179
Recent Sedar Documents

New Leaf Ventures receives DTC eligibility

2020-07-23 10:40 ET - News Release

Mr. Michael Stier reports

NEW LEAF VENTURES ANNOUNCES DTC ELIGIBILITY FOR ITS COMMON SHARES

New Leaf Ventures Inc.'s U.S.-based OTC Markets listing under the symbol NLVVF has received approval from the Depository Trust Company (DTC) to make the company's common shares eligible to be electronically cleared and settled through DTC.

DTC is a subsidiary of the Depository Trust and Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility incorporates an electronic method of clearing securities that speeds up the receipt of stock and cash and thus accelerates the settlement process for certain investors. DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the U.S. Securities and Exchange Commission.

In addition to trading in the United States, New Leaf's common shares continue to trade on the Canadian Securities Exchange under NLV.

Michael Stier, chief executive officer of New Leaf Ventures, noted: "DTC eligibility will allow current and prospective shareholders of New Leaf Ventures a reliable, cost-efficient and timely method for clearing and settlement of our common shares. Today's news is an important milestone towards broadening our market presence across the United States as we engage with this significant shareholder audience."

About New Leaf Ventures Inc.

New Leaf Ventures is developing a cannabis-sector-based scalable securities concept of focused financing and applied management to achieve earnings growth through targeted investment. The company's flagship enterprise is New Leaf USA and its subsidiaries, which provide licences, consulting services, real property, intellectual property and equipment for lease, and ancillary services to a Washington-based Tier 3 producer/processor focused on cultivating, growing, processing, packaging and distributing cannabis and cannabis-related products.

We seek Safe Harbor.

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