Proactive Investors - Run By Investors For Investors

Cosmos Holdings applies to list on the Nasdaq

The move to uplist underlines strides the pharmaceutical wholesaler has made to position itself for global growth
pills
The Chicago-based company conducts business in 16 countries, including Germany and the UK

Cosmos Holdings Inc (OTCQB:COSM), the wholesale Chicago-based pharmaceutical company, is raising its profile by formally submitting an application to uplist its common stock to the Nasdaq Composite stock exchange from the OTCQB Venture market.

The move underlines the strides Cosmos has made in strengthening its corporate governance and positioning itself for growth and profitability.

Cosmos is a pharmaceutical wholesaler with offices and warehouses in Thessaloniki, Greece, and in Harlow, the UK.  The company conducts business in 16 countries including Germany, the United Kingdom, Ireland, Denmark, Italy, France, Spain, Sweden, Poland, Netherlands, and Greece.

BIG PICTURE: Cosmos Holdings focuses on Europe as it expands its global wholesale pharmaceutical business

In a statement, CEO Gregory Siokas, said the uplisting, which is still subject to Nasdaq approval, would increase the liquidity of Cosmos stock and draw a wider audience of investors.

“We believe up-listing to Nasdaq will increase awareness of Cosmos Holdings in the financial community,” Siokas said. “In addition to liquidity for our shareholders, we expect this listing to provide greater awareness of our unique approach in the international pharmaceutical market, and enable us to attract a broader audience in the investment community.”

Cosmos said it intends to satisfy all of Nasdaq's listing requirements, but pointed out that its application is subject to approval by Nasdaq. During the review process, the company’s common stock will continue to trade on the OTCQB under its current symbol "COSM".

Cosmos shares closed up 8.9% last Friday to US$6.15.

View full COSM profile View Profile

Cosmos Holdings Inc Timeline

Related Articles

scientist at petrie dish
May 15 2019
Here we take a closer look at Midatech Pharma PLC (LON:MTPH)
A double helix and a medical person
March 06 2019
Leronlimab, according to the company, is an antiviral agent candidate with fewer side effects, lower toxicity and less frequent doses than daily HIV therapies now in use
Cancer cells
June 27 2018
The Nottingham-based privately-owned company has made an impressive fist of developing the OMIS (Opto-magnetic Imaging Spectroscopy) cancer detection system
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use