CannaTrac® Technology, Inc. (“CannaTrac” or “the Company”), the leading cashless payment solution for the cannabis industries, announced today that the Company has hired Listing Partners to help manage the process to prepare for a public listing on the Over the Counter Market (the “OTC”) in the US, the Canadian Securities Exchange (the “CSE”), and the Frankfurt Stock Exchange (the “FSE”).
“Preparation for a public listing is a natural progression for a company like ours. We’re proud to be working with such a trusted and respected partner as Listing Partners as we get ready to make our next steps to list publicly on the CSE and FSE,” said CannaTrac® CEO Thomas Gavin IV. “We believe that we have assembled the right team to help CannaTrac take its next step into the future as a public company, and we look forward to sharing further updates with the public as we work toward that goal.”
Listing Partners will provide listing services, the structure and vehicle designed to meet listing requirements of the CSE. In addition, Listing Partners will oversee and organize a contemplated pre-listing offering of common shares prior to the public listing. CannaTrac® is planning to apply for listing on the CSE with cross listings planned for the Open Market Segment of the FSE in Germany and the OTC Market in the US.
“Listing Partners is very particular with the selection of companies that we work with,” said Andrew Gaudet, Partner, Listing Partners Limited. “We feel CannaTrac® has an effective solution for the needs of the cannabis industry coupled with a capable management team to implement and grow the Company. We look forward to assisting them with their public listing and raising additional capital requirements.”
