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OTC Markets Group Welcomes CloudMD Software & Services Inc. to OTCQX

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OTC Markets Group Inc. has welcomed CloudMD Software & Services Inc (OTCQX: DOCRF) to the OTCQX® Best Market, enhancing its trading profile for U.S. investors. This upgrade allows CloudMD to utilize its home market reporting for greater transparency and compliance with established financial standards. The company focuses on revolutionizing healthcare delivery through technology and a patient-centric approach, currently serving a vast network of healthcare professionals across North America.

Positive
  • CloudMD has upgraded to the OTCQX Best Market, enabling improved transparency for U.S. investors.
  • The company provides a comprehensive healthcare platform, addressing various patient needs and enhancing care continuity.
  • CloudMD serves an extensive ecosystem, including over 7,000 psychiatrists and 34,000 medical specialists.
Negative
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NEW YORK, Dec. 6, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 11,000 U.S. and global securities, today announced CloudMD Software & Services Inc. (TSX-V: DOC; OTCQX: DOCRF), a healthcare technology company revolutionizing the delivery of care, has qualified to trade on the OTCQX® Best Market.

CloudMD Software & Services Inc. begins trading today on OTCQX under the symbol "DOCRF."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

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.

Nauth LPC acted as the company's OTCQX sponsor.

About CloudMD Software & Services Inc.

CloudMD is transforming the delivery of healthcare using technology and by providing a patient-centric approach, with an emphasis on continuity of care. By leveraging healthcare technology, the Company is building one, connected platform that addresses all points of a patient's healthcare journey and provides better access to care and improved outcomes. Through CloudMD's proprietary technology, the Company delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialist care, telemedicine, mental health support, healthcare navigation, educational resources and artificial intelligence (AI). CloudMD's Enterprise Health Solutions Division includes one of the top 4 Employee Assistance Programs in Canada and offers one comprehensive, digitally connected platform for corporations, insurers and advisors to better manage the health and wellness of their employees and customers.

CloudMD currently services a combined ecosystem of over 7,000 psychiatrists, approximately 4,500 therapists and counsellors, approximately 4,000 psychologists, over 22,000 family physicians, over 34,000 medical specialists, over 1,500 allied health professionals across North America. For more information visit: https://investors.cloudmd.ca.

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 over 11,000 U.S. and global securities.  Through our regulated OTC Link® Alternative Trading Systems, the Company connects 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 their investors.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:

OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com 

(PRNewsfoto/OTC Markets Group Inc.)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/otc-markets-group-welcomes-cloudmd-software--services-inc-to-otcqx-301436990.html

SOURCE OTC Markets Group Inc.

FAQ

What does the OTC Markets Group's announcement on December 6, 2021, involve?

On December 6, 2021, OTC Markets Group announced that CloudMD Software & Services Inc. qualified to trade on the OTCQX Best Market.

What is the stock symbol for CloudMD Software & Services Inc. on OTCQX?

CloudMD Software & Services Inc. trades on the OTCQX under the stock symbol 'DOCRF'.

How does CloudMD Software & Services Inc. enhance healthcare delivery?

CloudMD enhances healthcare delivery through a connected platform leveraging technology, providing services like telemedicine and mental health support.

What requirements must CloudMD meet to trade on the OTCQX?

To trade on the OTCQX, CloudMD must meet high financial standards, adhere to corporate governance best practices, and comply with securities laws.

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