OTC Markets Group Welcomes Vibe Growth Corporation to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. has welcomed Vibe Growth Corporation to the OTCQX Best Market, upgrading from the Pink market. Vibe Growth Corporation, a vertically integrated cannabis company, begins trading under the symbol VIBEF. The upgrade aims to enhance trading access for U.S. investors and aligns with the company’s growth strategy in the cannabis sector. Companies listed on OTCQX must meet high financial standards and follow corporate governance best practices. This move allows Vibe to reach more investors in the U.S. and Canada, tapping into the expanding California cannabis market.

Positive

• Vibe Growth Corporation upgraded to OTCQX from the Pink market, enhancing trading access.
• The move allows U.S. institutional and retail investors to engage directly with the stock.
• Aligns with the company's strategy for expansion in the California cannabis market.

Negative

• None.

NEW YORK, Oct. 5, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Vibe Growth Corporation (CSE: VIBE; OTCQX: VIBEF), a vertically integrated cannabis company, has qualified to trade on the OTCQX® Best Market. Vibe Growth Corporation upgraded to OTCQX from the Pink® market.

Vibe Growth Corporation begins trading today on OTCQX under the symbol "VIBEF."  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.

"The OTCQX Market provides Vibe access to a much larger audience of U.S.-based institutional and retail investors and complements our CSE listing by providing investors with direct access to our common shares in both countries. Canadian and U.S. institutional and retail investors can take an active part in the exciting growth that California cannabis offers," stated Mark Waldron,  Chief Executive Officer of Vibe Growth Corporation.

Nauth LPC acted as the company's OTCQX sponsor.

About Vibe Growth Corporation
Vibe is a vertically integrated cannabis company whose mission is to become a dominant California cannabis retailer and multi-state operator. The Company delivers exceptional retail experiences with its Vibe by California brand and ethos, premier cultivation product, and high-efficiency delivery and distribution. The Company's management team brings expertise in retail, cannabis cultivation, and mergers and acquisitions to support its U.S. expansion through accretive acquisitions and organic growth.

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 we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

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

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SOURCE OTC Markets Group Inc.

FAQ

What does Vibe Growth Corporation's upgrade to OTCQX mean for investors?

The upgrade to OTCQX allows Vibe Growth Corporation to attract a larger audience of U.S. investors and enhance trading transparency.

When did Vibe Growth Corporation start trading on the OTCQX?

Vibe Growth Corporation began trading on the OTCQX under the symbol VIBEF on October 5, 2021.

What is the significance of the OTCQX listing for Vibe Growth Corporation?

The OTCQX listing signifies that Vibe meets high financial and governance standards, facilitating broader investor participation.

How can investors access Vibe Growth Corporation's financial information?

Investors can find current financial disclosure and quotes for Vibe Growth Corporation on the OTC Markets website.