CANNONAU CORP. Submits Application For Uplisting To OTCQB
SKANEATELES, NY / ACCESSWIRE / March 8, 2021 / Cannonau Corp. (OTC PINK:CNNC), a provider of high-quality and reliable CBD products, is pleased to announce that it has submitted its application for uplisting to the OTCQB.
OTCQB is a venture market operated by the OTC Markets Group, Inc. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, most broker dealers trade stocks on the OTCQB. Companies must also meet a minimum bid price test and other financial conditions. OTCQB is recognized by the U.S. Securities and Exchange Commission (SEC) as an "established public market" and provides current public information to investors that need to analyze, value, and trade securities. 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.
"We believe that graduating to the OTCQB Venture Market is an important step for the company's future." "We anticipate that trading on the OTCQB will raise our visibility within the investment community and will help to broaden our shareholder base," stated Carmen Carbona, CEO & Chairman of Cannonau Corp. As more information becomes available, the company will keep its shareholders up-to-date on the status of the application.
About Cannonau Corp.
Cannonau Corp. markets, packages and distributes an assortment of Full-Spectrum Hemp-CBD based products for the health-conscious consumer on our website https://shop.cannonau.biz. It is the mission of Cannonau Corp. to produce high-quality, pure, and
Forward-Looking Statements This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Cannonau Corporation's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and Cannonau Corp undertakes no duty to update such information, except as required under applicable law.
For more information, please contact: info@cannonau.biz
SOURCE: Cannonau Corporation
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