Vancouver, B.C., October 22, 2021 – Plant Veda Foods Ltd. ( CSE: MILK ) ( OTC: PLVFF ) ( XFRA: A3CS6B ) (the “Company” or “Plant Veda''), an award-winning dairy-alternative company, is pleased to announce that it has obtained DTC eligibility by the Depository Trust Company ("DTC") for its shares traded on the OTC Pink Market under the symbol “PLVFF”. The Company’s common shares will continue to trade on the Canadian Securities Exchange under the symbol “MILK”.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through 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 and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. DTC eligibility is required to create a seamless electronic trading process and may thereby enhance the liquidity of the Company's shares.
Founder and CEO Sunny Gurnani states, “we are pleased to have obtained our DTC eligibility. This eligibility will simplify the process of trading shares in the USA, which will be beneficial to Plant Veda and our shareholders. With DTC eligibility, the increased accessibility and visibility is expected to attract greater investment and trading liquidity from American investors as our shares will be available to a broader range of investors as we continue to expand our business.”
Marketing and Investor Relations Agreements
The Company also announces it has signed an agreement with Command Marketing Innovations to provide investor relations and digital marketing services. The terms are for the offering of services for one month beginning October 2021. As consideration for the agreement, the Company has made payments totalling US$190,000.
The Company also announces it has revised its agreement with Clarkham Capital on providing investor relations and digital marketing services. The revised terms shall be through an extension of services between November 2021 and January 2022. As consideration for the amendment, the Company has made payments totalling €112,000.
About Plant Veda
Plant Veda has a mission to accelerate humanity’s shift to a plant-based lifestyle. They remain clear in their goals, which is to improve the environment and humanity’s overall health due to plant-based lifestyles. They have succeeded in creating award-winning plant-based dairy alternatives that are better than the original in terms of health and flavour. Plant Veda continues to shake up the dairy-free market by creating unique, one-of-a-kind products that leave their customers forgetting about dairy to begin with.
To learn more about Plant Veda, visit www.plantveda.com.
All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ, materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange and the provincial securities commissions in which it is a reporting issuer.