Feb 24, 2021 Ankit Singhania

Christina Lake Cannabis Announces Uplisting To OTCQB Market In The United States

One of the biggest developments of the past years has been the variety of online platforms from which people can now get information about companies and stocks. Video platform YouTube has become one of the more popular platforms in recent years due to the growth of plenty of channels that are dedicated to stock market investing.

Over the past months, Rich Tv Live has emerged as one of the more popular channels due to the reliable information that it provides with regards to many companies. In one of the recent videos published by the channel, the analyst looked into the cannabis stock Christina Lake Cannabis (CSE:CLC) OTCMKTS:CLCFF) (FRANKFURT:A2QEGJ).

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Major Details

Considering the fact that there was a major development with regards to the company on February 19, it is understandable that the company was the subject of the video.

Back on February 19, the company made a major announcement and revealed that the Christina Lake stock was granted approval by the OTC Markets Group to start trading on the OTCQB exchange. That is a significant development for the company considering the fact that it is going to have exposure to a far bigger pool of investors.

More importantly, it opens up the possibility of Christina Lake getting the attention of institutional investors as well. The company’s share started trading on the exchange from February 18 and clearly marks a new chapter in the history of Christina Lake cannabis.

At this point in time, the company enjoys a market cap of only $75 million and in addition to that, it is also necessary to keep in mind that only 100 million shares are outstanding.

The listing on the OTCQB exchange in the United States could be a sign of things to come in the near future, according to the analyst on Rich Tv. While he did not have any predictions to make, he stated that the exchange is highly regarded among investors, and uplisting to it indicates that the company is going to become a fully reporting entity in the country.

Such a move generally comes from a position of strength and hence, it might be argued that the company is feeling quite bullish about its immediate prospects.

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