Marion, North Carolina–(Newsfile Corp. – February 10, 2021) – Greene Concepts Inc. (OTC Pink: INKW) is pleased to announce it has begun the application process for moving off the OTC Pink Sheets and uplisting to the OTCQB® Venture Marketplace. The application process will not guarantee acceptance of the Company’s submission by OTCMARKETS from the PINKS to OTCQB. The Company is hiring an auditing firm to assist with the uplisting. This is Greene Concepts’ first step in its pursuit to reach the NASDAQ exchange as previously noted in its’ January 27, 2021 press release.
The Company believes that the move to the OTCQB will provide enhanced investor benefits including higher reporting standards, greater access to analyst coverage and news services, and more comprehensive compliance requirements. The OTCQB is considered by the Securities and Exchange Commission (SEC) as an “established public market” for determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, most broker dealers trade stocks on the OTCQB. Historically, companies that have made the move up to the OTCQB® tier have experienced increased investor awareness, greater liquidity and visibility of their common stock.
Lenny Greene, CEO of Greene Concepts notes, “Uplisting to the OTCQB will be a significant milestone in the growth of Greene Concepts as a company and will enhance our visibility in the investment community, increase trading liquidity, open the Company to institutional investors, and broaden our shareholder base. We are committed to providing investors with high-quality trading and improved market visibility and are excited to showcase our achievements to a growing base of U.S. and international investors. We look forward to leveraging this momentum as we remain focused on building Greene Concepts as a leading provider of premium bottled water along with other beverages.”
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74124
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