Inner Spirit Holdings Ltd., a Canadian company of Spiritleaf retail cannabis stores, today announced it will commence trading on the OTCQB Venture Market, a U.S. market operated by the OTC Markets Group Inc., under the symbol “INSHF”. The Company continues to trade on the Canadian Securities Exchange under the symbol “ISH”.
“We have seen significant interest in our story and our stock from U.S. investors. The OTC listing will increase the Company’s visibility with U.S. investors and enable them to more easily trade in Inner Spirit stock through the broker of their choice in U.S. dollars. With the evolving regulatory landscape for cannabis in many U.S. states, we believe the listing is timely and can support our ongoing objective of driving value for our shareholders,” said Darren Bondar, President and CEO of Inner Spirit.
The OTCQB Venture Market has a cross-trading platform and therefore provides investors in the U.S. with the ability to trade Inner Spirit’s shares in U.S dollars during U.S market hours. The OTCQB market is a well-recognized and active trading platform for early stage and developing companies. Participating companies must be current in their reporting and undergo a verification and management certification process.
With updated pandemic restrictions in many Canadian provinces, Spiritleaf stores continue to operate with enhanced customer service processes to ensure the safety of guests and staff. As an example, Spiritleaf’s Select & Collect service is enabling customers to pre-shop and order online prior to pick-up in store or curbside (where required) or via delivery (where allowed). Guests can also connect with Spiritleaf’s Collective customer benefits program to further streamline and individualize their shopping experience. The fast growing and popular Collective program includes 260,000 members currently.