GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Leafbuyer Technologies, Inc. (OTC: LBUY) announced that the company has secured DTC Eligibility by The Depository Trust Company for its shares of common stock on the OTC effective May 30, 2017.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Kurt Rossner, the Company’s Chief Executive Officer, stated, "We are pleased that our common stock is now DTC eligible. DTC eligibility simplifies the process of trading and exchanging our common stock and is the last step in Leafbuyer’s reorganization. We believe in combination with the quality of our services, and the cannabis industry’s rate of expansion, taking this step forward positions Leafbuyer for long-term success."
The most comprehensive online source for cannabis deals and specials, Leafbuyer.com connects consumers with dispensaries. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons. Leafbuyer’s national network of cannabis deals and information reaches millions of consumers monthly. Leafbuyer is the official cannabis deals platform of thecannabist.co (owned by the Denver Post) and westword.com.
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Leafbuyer Technologies, Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Leafbuyer Technologies, Inc. assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.