Tidal Royalty Corp. Announces DTC Eligibility
13 Agosto 2018 - 7:53AM
InvestorsHub NewsWire
Toronto, ON -- August 13,
2018 -- InvestorsHub NewsWire -- Tidal Royalty Corp. (CSE: RLTY.U) (OTC: TDRYF) ("Tidal Royalty"
or "the Company"), a leading provider of royalty
financing to licensed U.S. cannabis operators, is pleased announce
that the Company has secured eligibility by The Depository Trust
Company (DTC) for its shares on the OTC. DTC is a subsidiary of the
Depository Trust & Clearing Corp ("DTCC") that manages the
electronic clearing and settlement of publicly-traded companies in
the United States.
DTC
Eligibility
Further to the company's
news release dated July 16, 2018, Tidal Royalty's common shares are
now fully DTC eligible and trade under the symbol "TDRYF" on the
OTC Markets. Securities that are eligible to be electronically
cleared and settled through the DTC are considered DTC eligible.
This electronic method of clearing securities speeds up the receipt
of stock and cash, and thus accelerates the settlement process for
investors.
Tidal Royalty's CEO Paul
Rosen stated: "We are very pleased to have obtained DTC
eligibility. This status will make the process of trading our stock
in the United States much easier. We expect that this will make our
shares available to a larger percentage of the investment market,
which should improve the liquidity of our shares and therefore
benefit Tidal Royalty and our shareholders."
About Tidal
Royalty
Tidal Royalty provides
royalty financing to the U.S. regulated cannabis industry. Led by
an executive team with extensive industry experience in Canada and
the U.S., Tidal Royalty provides operators with the funding they
need to grow their business. Operators benefit from non-dilutive
capital and investors get top-line access to a diversified
portfolio of companies that will form the future of this
transformative industry.
For further
information, please contact:
Tidal Royalty
Corp.
Terry Taouss, President
Email: terry@tidalroyalty.com
Phone: 416.710.8377
This news release contains
certain "forward-looking information" within the meaning of
applicable Canadian securities law. Forward-looking information is
frequently characterized by words such as "plan", "continue",
"expect", "project", "intend", "believe", "anticipate", "estimate",
"may", "will", "potential", "proposed" and other similar words, or
information that certain events or conditions "may" or "will"
occur. Readers are cautioned that forward-looking information
contained in this new release is not based on historical facts but
instead is based on reasonable assumptions and estimates of
management. Forward-looking information contained in this news
release includes, but is not limited to: the ability to enter into
definitive documentation in respect of letters of intent currently
entered into by Tidal Royalty, the ability of Tidal Royalty to
enter into additional letters of intent and associated definitive
documentation with current or further proposed investee companies,
the operating and financial performance of any investee company to
be funded by Tidal Royalty from time to time, the ability of Tidal
Royalty to generate revenue or realize profit through royalty
agreements with any future investee companies, the ability of Tidal
Royalty to maintain DTC eligibility and the effect of such
eligibility on the clearing and settlement of Tidal Royalty's
common shares and the effectiveness of Tidal Royalty's Advisory
Board in providing strategic advice. In addition, this news release
contains forward-looking statements attributed to third-party
industry sources, the accuracy of which has not been independently
verified by Tidal Royalty. Forward-looking information contained
herein is based on the opinions and reasonable assumptions and
estimates of management as at the date hereof and is subject to a
variety of known and unknown risks and uncertainties and other
factors, many of which are beyond the control of Tidal Royalty,
that could cause actual events or results of Tidal Royalty to
differ materially from those expressed or implied in the
forward-looking information. Such factors include: U.S. regulatory
landscape and enforcement related to cannabis, including political
risks and risks relating to regulatory change, risks relating to
anti-money laundering laws and regulation, other governmental and
environmental regulation, public opinion and perception of the
cannabis industry, risks related to the enforceability of
contracts, the requirement by Tidal Royalty to obtain additional
financing, the limited operating history of Tidal Royalty,
timeliness of government approvals for granting of permits and
licences needed by any future investee companies, including
licences to cultivate cannabis, the actual operating and financial
performance of any future investee company, competition and other
risks affecting Tidal Royalty in particular and the U.S. cannabis
industry generally, and the risk factors effecting Tidal Royalty
disclosed in the listing statement of Tidal Royalty available at
www.sedar.com. Because of such risks,
uncertainties and other factors, investors should not place undue
reliance on the forward-looking information contained herein. Tidal
Royalty is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as expressly required by applicable law. The
foregoing statements expressly qualify the forward-looking
information contained herein. This release does not
constitute an offer for sale of, nor a solicitation for offers to
buy, any securities in the United
States.
Neither the CSE nor its
Regulation Services Provider (as that term is defined in the
policies of the CSE) accepts responsibility for the adequacy or
accuracy of this release.
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