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OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Their data-driven disclosure standards form the foundation of their three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market. Through their OTC Link® Alternative Trading Systems (ATSs), the company provides critical market infrastructure relied upon by broker-dealers to facilitate trading. This innovative model offers companies more efficient access to the U.S. financial markets.
OTC Markets Group is committed to enhancing market transparency, boosting investor confidence, and improving the efficiency of trading processes. Their recent financial results for Q1 2024 reflect a strong focus on enhancing trading functionality, investor information, and market integrity. The company continues to invest in its people, platforms, and processes to build a more resilient and scalable organization, aligning operating costs with revenue generation to deliver value to shareholders.
Recent achievements include the successful sponsorship of companies like Horizon Copper and Roth CH Acquisition Co., which have commenced trading on the OTCQX Market. These companies benefit from streamlined market standards that allow them to utilize their home market reporting to make their information available to U.S. investors. OTC Markets Group also supports companies, such as Marpai, Inc. and American Oncology Network, Inc., transitioning from Nasdaq to OTCQX, ensuring continued visibility and compliance with high financial standards.
With a focus on creating better informed and more efficient markets, OTC Markets Group continues to evolve and expand its services, building on a foundation of transparency and regulatory compliance. For more information, visit www.otcmarkets.com.
OTC Markets Group Inc. (OTCQX: OTCM) will announce its Q3 financial results on November 10, 2021, after U.S. market close. A conference call is scheduled for November 11, 2021, at 8:30 a.m. ET to discuss these results. Investors can join via a domestic dial-in number (1-877-665-5564) or an international number (1-470-495-9522). Replay options are available until November 25, 2021. The earnings release and related documents will be accessible in the Investor Relations section of the company's website.
OTC Markets Group Inc. announced that Goviex Uranium Inc. has upgraded to the OTCQX® Best Market, commencing trading under the symbol "GVXXF". This designation indicates that Goviex meets high financial standards and best corporate governance practices. CEO Daniel Major stated that this upgrade enhances the company's visibility and appeal to U.S. investors. Goviex focuses on uranium properties in Africa, with key projects including the Madaouela Project in Niger, the Mutanga Project in Zambia, and the Falea Project in Mali.
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.
OTC Markets Group Inc. announced that e-therapeutics plc has qualified to trade on the OTCQX Best Market under the symbol ETXPF. This upgrade allows U.S. investors access to buy and sell shares through online platforms. The move aims to broaden the company’s shareholder base and enhance transparency in trading. e-therapeutics specializes in computational drug discovery, focusing on RNAi therapeutics, utilizing advanced technologies such as machine learning and artificial intelligence in drug development.
OTC Markets Group Inc. announced that Golden Matrix Group, Inc. has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This transition underscores Golden Matrix's compliance with high financial standards and corporate governance, enhancing visibility among U.S. investors. CEO Brian Goodman highlighted that this step is pivotal for the company's growth and aims to increase shareholder value. The trading under symbol GMGI commenced on September 22, 2021.
OTC Markets Group announced that Altaley Mining Corporation has successfully upgraded to trade on the OTCQX® Best Market from the Pink® market. Starting today, Altaley will trade under the symbol ATLYF, enhancing transparency for U.S. investors. CEO Ralph Shearing expressed optimism about the upgrade, citing improved liquidity and visibility. Altaley's Tahuehueto Gold Mine is 70% complete, with a recent $25 million funding package aiding its production goals, targeting initial output by the end of 2021 and full capacity by Q1 2022.
OTC Markets Group Inc. announced that Raffles Financial Group Limited has qualified to trade on the OTCQX Best Market starting September 3, 2021. This upgrade from the Pink market enhances the transparency and accessibility for U.S. investors looking to engage with Raffles Financial, which specializes in financial advisory services in Southeast Asia's US$ 1 billion market. The company is now listed under the symbol RAFFF, ensuring compliance with high financial and governance standards.
OTC Markets Group Inc. has announced that iFabric Corp. has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This move enables U.S. investors to trade under the symbol 'IFABF' as of today. The upgrade aligns with iFabric's strategy to increase transparency and accessibility for U.S. investors, especially considering its significant sales from the U.S. market. iFabric is recognized for its anti-bacterial and anti-viral textile innovations aimed at combating healthcare-acquired infections, with a focus on gaining regulatory approvals from the U.S. Environmental Protection Agency.
OTC Markets Group Inc. announced that Choice Consolidation Corp. (OTCQX: CDXXF) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. The upgrade aims to enhance transparency for U.S. investors, adhering to strict financial standards and corporate governance. After raising $172.5 million in February, Choice Consolidation Corp. is reviewing opportunities in the cannabis sector. The trading of CDXXF began on this platform, with expectations to improve stock liquidity and shareholder benefits.
OTC Markets Group (OTCM) reported strong second-quarter 2021 results with gross revenues increasing 49% to $25.5 million. Operating income rose 91% to $9.1 million and net income climbed 67% to $7.1 million, leading to a diluted GAAP EPS of $0.59, a 64% increase. The company announced a 20% dividend hike to $0.18 per share. OTCQX surpassed 500 companies and OTCQB exceeded 1,000 companies, reflecting robust market growth.
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