Item 9 Labs Corp. INLB began trading on the OTCQX on Monday.
According to the OTC Markets Group Inc.'s update OTCM, the Arizona-headquartered vertically integrated multi-state cannabis company transitioned from the OTCQB market.
The U.S. operator of financial markets said that Item 9 will trade under the symbol "INLB."
Item 9 CEO Andrew Bowden said the upgrade to OTCQX, considered the top tier of the three marketplaces for over-the-counter stocks, is "yet another significant milestone" for the company.
He explained that they made "considerable movement" over the last year to reinforce their shareholder base.
They've also strengthened their financial position to back up long-term growth initiatives, continued Bowden.
"This is a prime example of these efforts and our commitment to facilitating access to investors through transparent and consistent reporting," added Bowden.
Meanwhile, earlier this month, the company's board deepened its bench by welcoming Best Buy's former President of U.S. Retail Mike Keskey to serve as co-chairman.
In addition, Bowden also agreed to serve as co-chairman.
With its latest move, Item 9 accompanied a number of companies in the cannabis space which debuted on the OTCQX Best Market, including Red White & Bloom Brands Inc. RWB TDRYD.
The Toronto-based investment company began trading on the market in June, under the symbol "TDRYD."
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