Organic Garage Commences Trading on OTCQX Market Under Ticker OGGFF
Organic Garage Ltd. (OGGFF) will transition to the OTCQX Best Market effective March 31, 2021. This upgrade enables increased transparency for U.S. investors, allowing the Company to maintain its home market reporting while adhering to strict financial standards and corporate governance. The President and CEO, Matt Lurie, emphasized that this move will enhance share liquidity and broaden market awareness of their products. This development is expected to attract a larger U.S. investor base and support the Company’s growth trajectory.
- Transitioning to OTCQX increases transparency for U.S. investors.
- Enhanced share liquidity expected to improve market presence.
- Opportunity to attract a larger U.S. investor base.
- None.
Organic Garage Ltd. (“Organic Garage” or the “Company”) (TSXV: OG; FRA: 9CW1; OTCQX: OGGFF), is pleased to announce that effective March 31, 2021, it will graduate from the Pink Market and commence trading on the OTCQX Best Market (“OTCQX”) under the symbol “OGGFF”.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. The Company continues to trade on the TSX Venture Exchange under the ticker symbol “OG” and the Frankfurt Stock Exchange under the ticker symbol “9CW1”.
"The commencement of trading on the OTCQX will provide a large U.S. investor base with the opportunity to participate directly in Organic Garage’s ongoing growth," stated Matt Lurie, President and CEO of Organic Garage. "Trading on OTCQX will enhance our share liquidity and widen the reach and awareness of our products and services."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how OTC Markets creates better informed and more efficient markets, visit www.otcmarkets.com.
About Organic Garage Ltd.
Organic Garage (TSXV: OG; FRA:9CW1; OTCQX: OGGFF) is one of Canada’s leading independent organic grocers and is committed to offering its customers a wide selection of healthy and natural products at everyday affordable prices. The Company’s stores are in prime retail locations designed to give customers an inclusive, unique and value focused grocery shopping experience. Founded in 2005 by a fourth-generation grocer, Organic Garage is headquartered in Toronto. The Company is focused on continuing to expand its retail footprint within the Greater Toronto Area. For more information please visit the Organic Garage website at www.organicgarage.com.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Cautionary Note Regarding Forward-looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.
Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of Organic Garage, that may cause the actual results, level of activity, performance or achievements of Organic Garage to be materially different from those expressed or implied by such forward looking statements. Although Organic Garage has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Organic Garage's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, Organic Garage assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
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FAQ
When will Organic Garage start trading on OTCQX under the symbol OGGFF?
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