CANNONAU CORP. Submits Application For Uplisting To OTCQB

Rhea-AI Summary

Cannonau Corp. (OTC PINK:CNNC) has submitted its application for uplisting to the OTCQB market, a step aimed at boosting transparency and compliance. The OTCQB requires companies to meet rigorous standards, enhancing reporting and providing current information to investors. CEO Carmen Carbona believes this move will significantly increase visibility and attract a broader shareholder base. Cannonau Corp. specializes in Full-Spectrum Hemp-CBD products, focusing on quality and consumer education. The company is committed to maintaining high standards and transparency in the CBD market.

Positive

• Application for uplisting to OTCQB, enhancing visibility.
• OTCQB recognition can attract more investors and analysts.

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• None.

SKANEATELES, NY / ACCESSWIRE / March 8, 2021 / Cannonau Corp. (OTC PINK:CNNC), a provider of high-quality and reliable CBD products, is pleased to announce that it has submitted its application for uplisting to the OTCQB.

OTCQB is a venture market operated by the OTC Markets Group, Inc. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, most broker dealers trade stocks on the OTCQB. Companies must also meet a minimum bid price test and other financial conditions. OTCQB is recognized by the U.S. Securities and Exchange Commission (SEC) as an "established public market" and provides current public information to investors that need to analyze, value, and trade securities. The Company believes that the move to the OTCQB will provide enhanced investor benefits including higher reporting standards, greater access to analyst coverage and news services, and more comprehensive compliance requirements.

"We believe that graduating to the OTCQB Venture Market is an important step for the company's future." "We anticipate that trading on the OTCQB will raise our visibility within the investment community and will help to broaden our shareholder base," stated Carmen Carbona, CEO & Chairman of Cannonau Corp. As more information becomes available, the company will keep its shareholders up-to-date on the status of the application.

About Cannonau Corp.
Cannonau Corp. markets, packages and distributes an assortment of Full-Spectrum Hemp-CBD based products for the health-conscious consumer on our website https://shop.cannonau.biz. It is the mission of Cannonau Corp. to produce high-quality, pure, and 100% natural cannabidiol (CBD) products. The company takes pride in offering to the public pure full spectrum products that they stand behind with complete transparency. As CBD continues to be recognized for its many therapeutic qualities, Cannonau Corp. strives to educate the world on its natural and effective benefits and help them live a happier and healthier life.

Forward-Looking Statements This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Cannonau Corporation's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and Cannonau Corp undertakes no duty to update such information, except as required under applicable law.

For more information, please contact: info@cannonau.biz

SOURCE: Cannonau Corporation

View source version on accesswire.com:
https://www.accesswire.com/633616/CANNONAU-CORP-Submits-Application-For-Uplisting-To-OTCQB

FAQ

What is the significance of Cannonau Corp.'s application for uplisting to OTCQB?

The application aims to increase transparency, enhance reporting standards, and attract more investors.

What are the benefits of trading on the OTCQB for CNNC?

Benefits include higher reporting standards, better access to analyst coverage, and enhanced compliance requirements.

When did Cannonau Corp. submit its application for the uplisting?

The application was submitted on March 8, 2021.

What does OTCQB represent for companies like Cannonau Corp.?

OTCQB is an established public market recognized by the SEC that improves access to information for investors.