Tiidal Gaming (TIDL.C) goes on an ad-venture, uplists to OTCQB

Betting on the Ontario Market

$12.247M Market Capitalization

Tiidal Gaming Group Corp. (TIDL.C) announced today that the Company’s common shares will commence trading on the OTCQB Venture Market following the market’s opening on April 11, 2022, under the symbol TIIDF. However, Tiidal’s shares will also continue to trade on the Canadian Securities Exchange (CSE) under the ticker TIDL.

“Today’s news is an important milestone towards broadening our market presence across the United States as we engage with our increasingly global investor base…Listing on the OTCQB positions Tiidal Gaming with increased visibility among the American investment community and improved liquidity for our current and prospective shareholders,” said Tom Hearne, CEO of Tiidal Gaming.

Uplisting to the OTCQB carries a variety of benefits, including more compliance and quality standards as well as improved visibility for investors. That being said, OTCQB companies must meet certain minimum reporting standards, pass a bid test, and undergo annual verification. Additionally, Tiidal is applying for eligibility for the book-entry delivery and depository services of the Depository Trust Company (DTC).

In doing so, this will facilitate the electronic settlement of transfers of Tiidal’s shares in the United States (US). This expedites the receipt of stock and cash, accelerates the settlement process for investors, and enhances the liquidity of shares on the OTCQB. Furthermore, DTC eligibility will assist in improving the Company’s potential investor base by offering a more convenient trading experience for current and future shareholders.

In addition to its uplisting to the OTCQB, Tiidal announced that Mr. Carlo Rigillo will become the Company’s Chief Financial Officer (CFO), effective today. Mr. Rigillo is a Chartered Professional Accountant bringing two decades of financial and public markets experience with him. Previously, Mr. Rigillo has worked with companies like Globally Local Technologies and The Well Told Company Inc.

AGCO Application

Tiidal’s latest news comes about a month after the Company announced that its wholly-owned subsidiary, Tiidal Gaming Canada Inc., has applied to the Alcohol and Gaming Commission of Ontario (AGCO) to obtain the Gaming Related Supplier – Manufacturers License. This will allow Sportsflare, the Company’s wholly-owned technology division, to offer AGCO-approved sportsbooks.

“With the Ontario iGaming market set to launch in roughly one month, we intend to gain an early-mover advantage by becoming a fully registered gaming-related supplier in Canada’s most populous province and what is expected to be one of the top markets in North America,” said Tom Hearne.

iGaming Ontario (iGO) has worked with the Government of Ontario and the AGCO to establish a new online gaming market that helps protect consumers who gamble through private game companies, otherwise known as operators. iGO officially launched earlier this month on April 4, 2022, and allows private operators of casinos and sportsbooks to legally take online bets within Ontario, rather than just government-owned websites or retail casinos.

To date, Tiidal’s technology has been integrated with dozens of sportsbooks globally and has received significant traction from esports bettors. With this in mind, the Company is well-positioned to receive a license from the AGCO. This will ultimately allow Tiidal to introduce its betting products to the Ontario marketplace, thereby expanding and advancing the Company’s North American presence.