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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. 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 $0.18 per share. OTCQX surpassed 500 companies and OTCQB exceeded 1,000 companies, reflecting robust market growth.
OTC Markets Group Inc. has announced the upgrade of Microbix Biosystems Inc. to the OTCQX Best Market from the OTCQB Venture Market. This transition allows Microbix, a Canadian life sciences company specializing in diagnostics-related products, to enhance visibility among U.S. investors and ensure compliance with high financial standards and corporate governance. Microbix begins trading under the symbol "MBXBF" and aims to improve liquidity and investor awareness in the diagnostics industry. The company's monthly sales are approaching C$ 2.0 million.
On August 3, 2021, OTC Markets Group Inc. announced that Osino Resources Corp. has upgraded to the OTCQX® Best Market, transitioning from the OTCQB® Venture Market. Osino, a Canadian gold exploration company, focuses on the Twin Hills discovery in Namibia. The upgrade signifies a milestone for Osino, enhancing its visibility and credibility among U.S. investors. It begins trading under the symbol OSIIF, which allows U.S. investors access to real-time financial disclosures.
OTC Markets Group Inc. (OTCQX: OTCM) announced that 1st Capital Bancorp (OTCQX: FISB), a Monterey County community bank, has graduated to the OTCQX Best Market from the Pink market. This transition, effective July 30, 2021, aims to increase visibility, transparency, and liquidity for shareholders. The move follows stringent financial standards and corporate governance practices. CEO Sam Jimenez emphasized the commitment to creating long-term shareholder value through this upgrade.
OTC Markets Group Inc. (OTCQX: OTCM) will announce its second-quarter financial results for the period ending June 30, 2021, on August 4, 2021, post-market close. A conference call and webcast are scheduled for August 5, 2021, at 8:30 a.m. ET, where management will discuss the results. Interested parties can access the call at 1-877-665-5564 (domestic) or 1-470-495-9522 (international) with Conference ID 4186055. A replay will be available until August 19, 2021. The company operates markets for approximately 11,000 U.S. and global securities, facilitating trading through its network.
OTC Markets Group Inc. announced that Blackbird plc (OTCQX: BBRDF) has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This upgrade allows Blackbird to provide transparent trading for U.S. investors, thereby opening investment opportunities in North America. The company operates in the fast-growing SaaS and cloud video market, showcasing significant growth and environmental efficiency, outperforming traditional platforms in carbon efficiency by 91%. The transition to OTCQX is a significant milestone for the company and its stakeholders.
Cansortium Inc. (CSE: TIUM.U; OTCQX: CNTMF) has successfully upgraded its trading status to the OTCQX® Best Market from the OTCQB® Venture Market, effective July 22, 2021. This upgrade signifies that Cansortium meets high financial standards and adheres to best practices in corporate governance. The OTCQX Market aims to enhance visibility and credibility among investors. CEO Robert Beasley expressed gratitude for the platform, emphasizing expected improvements in market exposure for both individual and institutional investors. Current shareholders need not take any action.
On July 21, 2021, OTC Markets Group Inc. announced that Adriatic Metals PLC, a precious and base metals developer, has upgraded to the OTCQX® Best Market from the Pink® market. Trading under the symbol ADMLF, this upgrade is aimed at providing greater transparency for U.S. investors by adhering to high financial standards and governance practices. The company is advancing the Vares Silver Project in Bosnia & Herzegovina, with a robust pre-feasibility study showing a post-tax NPV of US$1,040 million and an IRR of 113%.
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