Cannabix Technologies Inc. Approved for DTC Eligibility
October 22, 2014
Vancouver, British Columbia, October 22, 2014, 2014 -- Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) (the “Company”) common shares have been made eligible for book-entry delivery and depository services of the Depository Trust Company to facilitate electronic settlement of transfers of its common shares in the United States. DTC eligibility means that a public company's securities can be deposited through DTC. DTC is the largest securities depository in the world and holds over $35-trillion worth of securities on deposit.
Becoming DTC eligible provides Cannabix shareholders various benefits that include reducing the time for stock deposits and withdrawals into brokerage accounts while eliminating the inherent risks associated with the loss and replacement of physical stock certificates. Additionally, companies that are approved for DTC electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading. Most large U.S. broker dealers and banks are DTC participants.
We seek Safe Harbor.
On behalf of the Board of Directors
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