Feel Foods Ltd. Receives DTC Eligibility

Rhea-AI Summary

Feel Foods Ltd. (CSE: FEEL, OTC: FLLLF) announced that its common shares have received DTC full-service eligibility in the US, effective October 20, 2021. This eligibility will improve the electronic settlement process for US investors, making trading more efficient and cost-effective. CEO David Greenway expressed optimism about this milestone to better position the company within the American investment community. Feel Foods focuses on innovative products in the food services industry, including vegan dairy substitutes and plant-based foods, with offerings available at over 30 retail locations.

Positive

• Achieved DTC full-service eligibility, enhancing trading efficiency for US investors.
• Improves cost-effective settlement process for trading Canadian securities in the US.
• Strengthens positioning within the American investment community.

Negative

• None.

VANCOUVER, British Columbia, Oct. 26, 2021 (GLOBE NEWSWIRE) -- FEEL FOODS LTD. (the "Company" or "Feel Foods") (CSE: “FEEL”) (OTC: “FLLLF”) (FSE: “1ZF”) announces its shares have received Depository Trust Company (“DTC”) full-service eligibility in the United States trading under the symbol “FLLLF”. The Company's common shares traded on the OTC Market in the United States, became DTC eligible effective October 20^th, 2021.

The DTC will facilitate electronic settlement of transfers of its common shares in the United States. DTC settlement services provide a more efficient and lower cost settlement process for investors and brokers trading Canadian securities in the US. DTC eligibility enables shares of Feel Foods Ltd. to be distributed, settled, and serviced through DTC's automated processes, thereby taking advantage of the efficiencies created in the electronic method of clearing securities and the resulting cost benefits that DTC provides through accelerated settlement processes.

Feel Foods Director and CEO David Greenway states: “We are very pleased to have now obtained DTC eligibility to improve settlement of our shares for current and future shareholders in the United States. DTC is a fundamental step towards establishing the Company with the American investment community.”

About Feel Foods Ltd.

FEEL is an agri-food holdings company focused on innovative products and technologies in the food services industry including its wholly owned Black Sheep Vegan Cheeze Company, offering a variety of 10 unique vegan dairy substitute products and currently available in over 30 retail locations, it’s 100% owned Be Good Plant-based Foods line of plant-based chicken, pork and beef products as well as is currently investing in the research and development of keto-friendly plant-based candy products.

Company Contact:
Mr. Joel T Warawa
Corporate Communications
E-mail: jw@feelfoodsco.com

Corporate Contact:
Website: www.feelfoodsco.com
E-Mail: info@feelfoodsco.com
Instagram: Instagram.com/feelfoodsco 
Phone: 604-235-0010

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including with respect to: the entry of the Consulting Agreements, the completion of the Acquisition and the acceptance of the Acquisition and terms thereof by the CSE. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic, the inability of Feel Foods to close the Acquisition and other risks that are customary to transactions of this nature. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Feel Foods undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

FAQ

What is the significance of DTC eligibility for Feel Foods Ltd (FLLLF)?

DTC eligibility enhances the electronic settlement process for Feel Foods' shares, making trading more efficient and cost-effective for US investors.

When did Feel Foods Ltd (FLLLF) receive DTC full-service eligibility?

Feel Foods Ltd received DTC full-service eligibility effective October 20, 2021.

How does DTC eligibility benefit investors of Feel Foods Ltd (FLLLF)?

DTC eligibility allows for faster, automated, and lower-cost settlements for investors trading Feel Foods shares in the US.

What is the focus of Feel Foods Ltd (FLLLF) in the food services industry?

Feel Foods is focused on innovative vegan products, including dairy substitutes and plant-based foods, with a variety of offerings available at retail locations.