Core One Labs (COOL.C) will begin trading on the OTC Pink Open Market (also known as OTC Pink or Pink Sheets) under the ticker symbol “CLABF”.
Core One made the announcement of their upcoming listing on the Pink Sheets after the Financial Industry Regulatory Authority accepted the Company’s Form 211 for filing. Once Core One Labs begins trading on the OTC Pink, investors will be able to find current financial disclosures and Real-Time Level 2 quotes on the OTC website.
COOL hopes the Pink Market listing will provide US investors with greater transparency and access to the companies shares, and will also increase Core One’s common share liquidity.
“We are very excited to be trading on the OTC Pink Market. This milestone opens Core One Labs to a broader market and larger investor base, while also providing current and prospective shareholders greater accessibility and liquidity in the trading of the Company’s common shares. Additionally this US listing, in general, will provide greater exposure for the Company in the rapidly growing emerging psychedelics as alternative medicine space,” stated Joel Shacker, CEO of Core One Labs.
Core One Labs is a biotech company focused on improving psychedelic therapeutics, especially through innovation in novel delivery systems.
COOL’s new listing comes on the back of some recent big moves. Just this month, a Core One subsidiary, Vocan, has agreed to a licensing deal for use of their technology in Brazil, a more psychedelic-friendly market. They have also begun a collaboration with KICT to evaluate the use of DMT for psychotherapeutic purposes. And most importantly, last week Core One Labs acquired Bluejay Mental Health, a telehealth company that specializes in alternative treatment methods.
All these moves put Core One in a good position to acquire the data from research and trials needed to make the case for the effectiveness of their treatments. Greater access to the US investor base through the OTC Pink will ensure they reach as many investors as possible.
Core One will continue to trade on the Canadian Securities Exchange under the ticker symbol “COOL”.
The stock has moved between $1.06 and $1.11 following the news.
Full disclosure: Core One Labs is an Equity.Guru marketing client.
