A leading market for early-stage and developing companies, the OTCQB is operated by the OTC Markets Group Inc. To be eligible to trade on the OTCQB, companies must be current on disclosure obligations, provide an annual company verification and management certification process, and pass a minimum bid price test.
Effective today shares of Cloud DX will begin trading under the symbol CDXFF.
"This represents a new milestone for Cloud DX as we execute on our growth strategy and mission to make healthcare better for everyone," Robert Kaul, CEO of Could DX, said in the announcement.
He continued: “The US market is not only an important market for us in terms of investor interest, but is also the focus of future growth for the business, with the virtual care opportunity representing a total addressable market of US$250 billion. Listing on a US exchange will help Cloud DX increase its exposure to a broader investor audience and elevate our stature with US healthcare payers and providers and the patients they serve."
As noted by the company, the OTCQB quality standards create a solid baseline of transparency and offer the technology to improve the information and trading experience for investors. It also provides an entry point for investors, who cannot access trading on the Toronto Venture Stock Exchange.
Cloud DX shares also continue to trade on the TSX Venture Exchange under the symbol CDX.
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