cloud dx stock

Cloud DX Initiates Trading on the OTCQB

Cloud DX (TSXV:CDX), (OTCQB:CDXFF), a leading Canadian-based, North American provider of virtual care and remote patient monitoring solutions is pleased to announce that on July 14, 2021 the Company's shares will begin trading on the OTCQB Venture Market under the symbol "CDXFF". The Company's shares also continue to trade on the Toronto Venture Stock Exchange (TSVX) under the symbol "CDX

"This represents a new milestone for Cloud DX as we execute on our growth strategy and mission to make healthcare better for everyone," says Company CEO, Robert Kaul. The US market is not only an important market for us in terms of investor interest, but is also the focus of future growth for the business, with the virtual care opportunity representing a total addressable market of $250 Billion USD. Listing on a US exchange will help Cloud DX increase its exposure to a broader investor audience and elevate our stature with US healthcare payers and providers and the patients they serve."

The OTCQB is a leading market for early stage and developing companies and is operated by the OTC Markets Group Inc. To be eligible for approval to trade on the OTCQB companies must be current on disclosure obligations, provide an annual company verification and management certification process, and pass a minimum bid price test. The OTCQB quality standards create a solid baseline of transparency, and offer the technology to improve the information and trading experience for investors. It also provides access for investors who cannot access trading on the TSX Venture Exchange.

About Cloud DX

Accelerating virtual healthcare's future, Cloud DX is making healthcare better for everyone. The company's Connected Health remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable ageing in place and deliver hospital-quality post-surgical care. Providers partnering with Cloud DX achieve better healthcare and patient outcomes, reduce the need for hospitalization/re-hospitalization and reduce the costs of healthcare delivery through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, a 2021 Edison Award winner, a Fast Company 'World Changing Idea' finalist and one of 'Canada's Ten Most Prominent Telehealth Providers.'

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Social Links

Twitter: https://twitter.com/CloudDX
Facebook https://www.facebook.com/clouddxinc/
LinkedIn https://www.linkedin.com/company/cloud-dx/
Instagram https://www.instagram.com/cloud.dx/

For media inquiries please contact:

Ellyn Winters-Robinson
Ignition Communications (PR for Cloud DX)
519-574-2196
ellyn@ignition.ca

For investor inquiries please contact:

Jay Bedard
Cloud DX Investor Relations
647-881-8418
jay.bedard@CloudDX.com

SOURCE: Cloud DX Inc.



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https://www.accesswire.com/655489/Cloud-DX-Initiates-Trading-on-the-OTCQB

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Overview

The COVID-19 global pandemic shook traditional healthcare structures on a global scale in 2020. There has been an urgent need for integrated systems to manage the influx of patients and new social distancing measures, which forced many to delay seeking in-person medical attention. In identifying this gap in the healthcare system, digitally driven telemedicine companies are leading the way to innovate and improve healthcare for all in this increasingly digital age.

By 2022, the global healthcare market is forecasted to grow to US$11.9 trillion, with the digital healthcare sector to grow by a projected compound annual growth rate (CAGR) of 38 percent by 2026. In dealing with the aftermath of this pandemic, investing in healthcare and wellness technology is investing in the healthcare systems we’ve needed for a long time.

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