- Nabati Foods (MEAL) announced the company’s shares have been accepted for listing on the Frankfurt Stock Exchange
- The Edmonton plant-based food technology company began trading on October 7, under the symbol 7UW
- The company’s common shares will continue trading on the Canadian Securities Exchange under its existing symbol
- The company is also applying to have its common shares posted for trading on the OTCQB Venture Market
- Nabati Foods is unchanged, trading at $0.83 at 1:46 pm ET
Nabati Foods (MEAL) announced the company’s shares have been accepted for listing on the Frankfurt Stock Exchange.
The Edmonton plant-based food technology company began trading on October 7, under the symbol 7UW.
The company’s common shares will continue trading on the Canadian Securities Exchange under its existing symbol.
The Frankfurt Stock Exchange is one of the world’s leading international stock exchanges by revenue, profitability, and market capitalization and is the largest of Germany’s stock exchanges.
Additionally, the company is also applying to have its common shares posted for trading on the OTCQB Venture Market, a United States trading platform that is operated by the OTC Markets Group in New York.
The company believes trading on the OTCQB will increase its visibility within U.S. capital markets.
Trading on the OTCQB remains subject to having a Form 211 cleared by FINRA, satisfying OTCQB eligibility standards and the approval of the OTCQB Markets Group.
“This listing on the Frankfurt Stock Exchange is an exciting milestone for the team. There is significant demand from investors in Europe for plant-based companies like ours, and we are pleased that it will now be easier for those investors to participate in our growth, particularly as we continue to expand our global footprint,” said Nabati Foods CEO Ahmad Yehya.
Nabati Foods was founded in 2014 and offers natural, plant-based, gluten, and soy-free foods to health-conscious consumers.
Nabati Foods is unchanged, trading at $0.83 at 1:46 pm ET.
