- Common shares of PeakBirch Logic Inc. are now trading on the OTCQB Venture Market under the symbol KTNNF
- The company has also submitted an application to the Depository Trust Company (DTC)
- The company's revenue has increased from C$572,879 in Q1 2020 to C$1,371,507 in Q1 2021
- PeakBirch is a multi-brand management company that provides services & related products to the cannabis industry
- PeakBirch Logic Inc. (PKB) opened trading at $0.07 per share
PeakBirch Logic Inc. (PKB) is pleased to announce that its common shares are now trading on the OTCQB Venture Market in the United States under the symbol KTNNF.
"This is an important step in furthering our shareholder value. It secures the liquidity for our current investors while exposing us to the American investment community," said Marc Mulvaney, CEO of PeakBirch. "This listing is an exciting milestone in our investor relations strategy."
The OTCQB Venture Market is for entrepreneurial and development stage United States and international companies.
In addition, the company has submitted an application to the Depository Trust Company (DTC) to facilitate electronic settlement of transfers of its common shares in the United States. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and greatly reduces transactional costs for participating stock brokerages.
PeakBirch will also continue to expand its cannabis accessories and vaporizer e-commerce capabilities with new and exciting verticals. These include partnerships, acquisitions, and new technologies bringing forward the ability to offer same-day deliveries and services.
The final step in this goal is the expansion into new international sales territories.
"We experienced substantial growth in our first quarterly earnings in 2021 with significant revenue growth over the last four quarters which increased from C$572,879 in Q1 2020 to C$1,371,507 in Q1 2021.
In the United States, we are seeing robust growing demand in our cannabis and vaporizer businesses. In 2021 we are focusing our efforts on the non-psychoactive mushroom supplements market as we prepare ourselves for the 'Shroom Boom'," said Marc Mulvaney, CEO of PeakBirch.
PeakBirch is a multi-brand management company that provides services & related products to the cannabis industry.
PeakBirch Logic Inc. (PKB) opened trading at $0.07 per share.