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C21 Investments Debuts On OTCQX

September 28, 2020 10:12 am
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C21 Investments Debuts On OTCQX

Cannabis company C21 Investments Inc. (CSE:CXXI) (OTCQX: CXXIF) has qualified to begin trading on the OTCQX, under the symbol CXXIF.

OTC Markets Group Inc. (OTCQX: OTCMconfirmed the news Monday.

Previously, New York-based C21 traded on the OTCQB Venture Market.

"Graduating to the OTCQX Best Markets aligns well with our focus to both improve access and increase the visibility of C21 to a broader base of U.S. investors," said C21 president and CEO Sonny Newman.

Dorsey & Whitney LLP acted as C21's OTCQX sponsor.

"This achievement is a testament to the hard work of our entire team, and we look forward to continuing to execute our strategy of building upon our cash flow positive business," added Newman.

The debut on the OTCQX comes on the heels of its second-quarter earnings report.

C21 reported its cash flow from operations increased by 200% over the quarter to $4.2 million.

Newman noted that they "achieved a critical milestone this quarter."

Meantime, several C21's peers in the industry ended up trading on the OTCQX recently, including Item 9 Labs Corp. (OTCQX: INLB) and Harborside Inc. (CSE:HBOR) (OTCQX: HSDEF).

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