Yerbaé Achieves OTCQX® Best Market Qualification and Attains DTC Eligibility
Scottsdale, Ariz., June 21, 2023 — Yerbaé Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF) (“Yerbaé” or the “Company”), a plant-based energy beverage company, announced its successful qualification to trade on the OTCQX® Best Market, along with receiving Depository Trust Company (“DTC”) eligibility. Yerbaé Brands Corp. under the symbol “YERBF”, will begin trading today on OTCQX. These significant milestones mark a new chapter in Yerbae’s growth and enhance its ability to expand investor access and liquidity.
The OTCQX® Best Market is recognized as the top tier of the U.S. OTC markets, providing investors with transparent trading, superior information availability, and high-quality issuer standards. By achieving this qualification, Yerbae hopes to demonstrate its commitment to maintaining the highest level of financial disclosure and corporate governance.
Additionally, Yerbae has obtained DTC eligibility, enabling electronic clearing and settlement of its shares in the United States. This designation greatly simplifies the process of trading Yerbae’s common shares for brokers and institutional investors, facilitating faster and more efficient trading, and broadening the Company’s reach in the investment community.
“We are pleased to have qualified for the OTCQX® Best Market and achieved DTC eligibility,” said Todd Gibson, CEO and co-founder of Yerbae. “These accomplishments represent important steps forward in our commitment to fostering shareholder value and expanding our investor base in the US. We believe that enhanced accessibility and transparency will help us accelerate our growth trajectory.”
Yerbae’s successful qualification to the OTCQX® Best Market and DTC eligibility follow a period of significant achievements for the Company, with the most recent one being a record Q1 2023 net revenue of US$3.5 million, up 130% from US$1.5 million in Q1 2022. Known for its refreshing and health-conscious sparkling water infused with Yerba Mate, Yerbae has experienced tremendous success in the beverage industry, capturing the attention of consumers and investors alike.
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