Cabbacis Obtains DTC Eligibility
Cabbacis (OTCQB: CABI), a U.S. federally-licensed tobacco product manufacturer and plant biotech company, has received DTC Eligibility approval from the Depository Trust Company. This development follows the company's previous listing approval on the OTCQB under the symbol 'CABI'.
DTC, a subsidiary of the Depository Trust and Clearing (DTCC), manages electronic clearing and settlement of publicly traded companies' shares. The DTC Eligibility status enables electronic clearing and settlement of Cabbacis shares, expediting stock and cash receipt processes while simplifying trading and share transfers between brokerage companies.
Cabbacis (OTCQB: CABI), un produttore di prodotti del tabacco autorizzato a livello federale negli Stati Uniti e un'azienda di biotecnologia vegetale, ha ricevuto l'approvazione per la DTC Eligibility dalla Depository Trust Company. Questo sviluppo segue l'approvazione della quotazione dell'azienda sull'OTCQB con il simbolo 'CABI'.
La DTC, una sussidiaria del Depository Trust and Clearing (DTCC), gestisce la compensazione e il regolamento elettronico delle azioni delle aziende quotate pubblicamente. Lo stato di DTC Eligibility consente la compensazione e il regolamento elettronico delle azioni di Cabbacis, accelerando i processi di ricezione di azioni e liquidità, semplificando al contempo il trading e il trasferimento di azioni tra le società di intermediazione.
Cabbacis (OTCQB: CABI), un fabricante de productos de tabaco autorizado federalmente en EE. UU. y una empresa de biotecnología de plantas, ha recibido la aprobación de DTC Eligibility de la Depository Trust Company. Este desarrollo sigue a la aprobación previa de la compañía para la cotización en el OTCQB bajo el símbolo 'CABI'.
DTC, una subsidiaria del Depository Trust and Clearing (DTCC), gestiona la compensación y liquidación electrónicas de las acciones de empresas que cotizan públicamente. El estado de DTC Eligibility permite la compensación y liquidación electrónicas de las acciones de Cabbacis, acelerando los procesos de recepción de acciones y efectivo, al mismo tiempo que simplifica el comercio y las transferencias de acciones entre empresas de corretaje.
Cabbacis (OTCQB: CABI)는 미국 연방 정부에 의해 인증된 담배 제품 제조업체이자 식물 생명공학 회사로, DTC Eligibility 승인을 Depository Trust Company로부터 받았습니다. 이 개발은 회사가 'CABI'라는 기호로 OTCQB에 상장 승인을 받은 것에 이어서 이루어졌습니다.
DTC는 Depository Trust and Clearing (DTCC)의 자회사로, 공개 상장 기업의 주식에 대한 전자적 청산 및 결제를 관리합니다. DTC Eligibility 상태는 Cabbacis 주식의 전자 청산 및 결제를 가능하게 하여 주식 및 현금 수령 프로세스를 가속화하며, 중개 회사 간의 거래 및 주식 이전을 단순화합니다.
Cabbacis (OTCQB: CABI), un fabricant de produits du tabac agréé au niveau fédéral aux États-Unis et une entreprise de biotechnologie végétale, a reçu l'approbation de la DTC Eligibility de la part de la Depository Trust Company. Ce développement fait suite à l'approbation de la cotation de l'entreprise sur l'OTCQB sous le symbole 'CABI'.
La DTC, une filiale de la Depository Trust and Clearing (DTCC), gère l'éclaircissement et le règlement électroniques des actions des entreprises cotées en bourse. Le statut de DTC Eligibility permet l'éclaircissement et le règlement électroniques des actions de Cabbacis, accélérant les processus de réception d'actions et de liquidités tout en simplifiant le commerce et les transferts d'actions entre les sociétés de courtage.
Cabbacis (OTCQB: CABI), ein in den USA bundesrechtlich lizenzierter Hersteller von Tabakprodukten und ein Unternehmen der Pflanzenbiotechnologie, hat die Genehmigung für die DTC Eligibility von der Depository Trust Company erhalten. Diese Entwicklung folgt auf die zuvor erteilte Genehmigung zur Listung des Unternehmens am OTCQB unter dem Symbol 'CABI'.
Die DTC, eine Tochtergesellschaft der Depository Trust and Clearing (DTCC), verwaltet die elektronische Abwicklung und Abrechnung der Aktien von börsennotierten Unternehmen. Der DTC Eligibility-Status ermöglicht die elektronische Abwicklung und Abrechnung der Aktien von Cabbacis, beschleunigt die Prozesse für den Erhalt von Aktien und Bargeld und vereinfacht den Handel sowie die Übertragung von Aktien zwischen Brokerage-Unternehmen.
- Obtained DTC Eligibility, enabling faster and more efficient trading of shares
- Successfully listed on OTCQB, providing better market visibility
- Simplified trading process for brokers and investors
- None.
Cabbacis has previously reported that its common stock has been approved for listing on the OTCQB under the trading symbol “CABI.”
DTC is a subsidiary of the Depository Trust and Clearing Corporation (DTCC), a company that manages the electronic clearing and settlement of shares of publicly traded companies. DTC Eligibility incorporates an electronic method of clearing securities that expedites the receipt of stock and cash, and thus accelerates the settlement process for investors. DTC Eligibility also simplifies the process of trading and transferring Cabbacis shares among brokerage companies.
About Cabbacis
Cabbacis is committed to commercializing reduced-nicotine cigarettes and vaporizer pods. Both types of iBlend™ products in development are predominately tobacco and include hemp. The Company stands ready to also move forward with reduced-nicotine tobacco cigarettes and little cigars – both without hemp.
Reduced-nicotine cigarettes without hemp have been evaluated in dozens of independent studies and contain about 95 percent less nicotine than conventional cigarettes. Results demonstrate, as reviewed in Donny and White 2022, that subjects smoked fewer cigarettes per day, reduced their nicotine dependence and exposure, doubled their quit attempts, and/or increased their number of smoke-free days. The Company believes including hemp flower into reduced-nicotine cigarettes improves sensory characteristics and may potentially improve effectiveness due to the presence of non-THC cannabinoids.
The worldwide patent portfolio of Cabbacis LLC includes 34 issued patents and various pending patent applications across
To learn more about Cabbacis, please visit www.cabbacis.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this document are forward-looking. We identify forward-looking statements in this document by using words or phrases such as "anticipate," "believe," “consider,” "continue," "could," "estimate," "expect," “foresee,” "intend," “likely,” "may," "objective," "potential," "plan," "predict," "project," "seek," “should,” "will" and similar words or phrases and their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual outcomes or results could differ materially for a variety of reasons. Factors that could cause actual results to differ materially are described in “Risk Factors” in our Regulation A Offering Circular filed with the SEC and in our Annual Report on Form 1-K for the period ended December 31, 2023 filed with the SEC. We undertake no responsibility to publicly update or revise any forward-looking statement except as required by applicable law.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Company’s securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250204202437/en/
Media Contact
Deborah Aguglia
support@cabbacis.com
Source: Cabbacis
FAQ
What does DTC Eligibility mean for Cabbacis (CABI) shareholders?
When did Cabbacis (CABI) receive DTC Eligibility approval?
What exchange is Cabbacis (CABI) listed on?
How does DTC Eligibility benefit CABI's trading process?
