GABY Inc Announces Improved Access to Shares for Investors via Recent DTC Eligibility Approval – Yahoo Finance
GABY’s DTC Eligibility makes acquiring shares in the company significantly easier for US investors
SAN DIEGO, CA / ACCESSWIRE / January 6, 2022 / GABY Inc. (“GABY” or the “Company”) (CSE:GABY)(OTCQB:GABLF), a California consolidator of cannabis dispensaries and the parent company of San Diego’s Mankind Dispensary (“Mankind”), is pleased to announce the Company’s recent eligibility approval by the Depository Trust Company (DTC) under the symbol “GABLF.” The company’s common shares will continue to trade on the Canadian Securities Exchange (“CSE”) under the symbol “GABY.”
The DTC (a subsidiary of the Depository Trust & Clearing Corporation) manages the electronic clearing and settlement of publicly traded companies. When a company has gained approval to be traded through the DTC, they are considered to be “DTC eligible.” As one of the world’s largest securities deposits, the DTC provides security and trust for investors who might otherwise be wary of non-DTC eligible companies.
Canadian investors or those trading via the CSE will continue to have access to the Canadian Depository for Securities Limited (CDS). CDS is a centralized depository service and electronic clearing and settlement system used in Canada and provides the trading infrastructure and technology to the Canadian capital markets.
“This is another significant step forward for