Mr. Corey Mangold reports
ORCHID VENTURES IS NOW DTC ELIGIBLE IN THE UNITED STATES
Orchid Ventures Inc. has been approved by the DTC for electronic settlement and transfer of its common shares in the United States.
Corey Mangold, founder and chief executive officer of Orchid, comments: "We are very excited to have obtained DTC eligibility since this will simplify the process for our investors and brokers trading and exchanging our stock in the United States. We also expect that being DTC eligible will improve our trading volume and the attractiveness of ORCD's shares on the market, particularly as we expand our business throughout the United States and continue to grow revenue and profits."
Glendale Securities sponsored the company to become DTC eligible. DTC is a subsidiary of The Depository Trust & Clearing Corp., which manages electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered DTC eligible. Since ORCD is now DTC eligible, the process for buying and selling the company's shares will be much easier and faster.
About Orchid Essentials
Orchid Essentials is a brand based in Irvine, Calif., that launched in Oregon and California in August, 2017, and has since developed a mass-market brand and loyal consumer following with its premium vape products.
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