C21 Investments (OTC Pink:CXXIF,CSE:CXXI) announced Tuesday (July 30) that its common shares are now eligible for electronic clearing and settlement in the US through the Depository Trust Company (DTC), under the symbol CXXIF.
As quoted in the press release:
“DTC eligibility provides shareholders with a more reliable, convenient, cost-effective, and timely process to purchase our common shares in the United States,” said Sonny Newman, President and CEO, C21 Investments. “Our strategy has always been to increase liquidity and grow our U.S. shareholder base.”
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law, and a registered clearing agency with the U.S. Securities and Exchange Commission. DTC services provide simplification, convenience, and cost benefits for investors and brokers trading Canadian securities in the United States.