TruTrace Technologies Inc. (TSX-V: TTT) (OTC: BKKSF), creator of the first fully-integrated blockchain platform that registers and tracks intellectual property for the cannabis industry, is pleased to announce that it has received conditional approval to list its common shares on the Canadian Securities Exchange (the “CSE”), and anticipates to voluntarily delist its common shares from the TSX Venture Exchange (the “TSXV”). To ensure continued trading of the Company’s common shares, the Company intends to seamlessly arrange for the simultaneous delisting of its common shares from the TSXV and subsequent commencement of trading on the CSE.
“This is a significant milestone for TruTrace Technologies and a reflection of our strategic growth initiatives to pursue opportunities in markets outside of Canada , including those within the United States ,” said TruTrace CEO Robert Galarza . “After careful consideration, management has determined that expanding our business into the cannabis and hemp-derived CBD markets of the US is in the best interest of the company. We look forward to the increased scope of opportunities this listing presents and the greater market potential for our technology and offerings.”
About TruTrace Technologies:
TruTrace Technologies has developed the first integrated blockchain platform to register and track intellectual property in the cannabis industry. TruTrace’s technology allows cannabis growers and breeders to identify and secure rights to their intellectual property. It also streamlines the administrative process and reduces the costs of genetic and mandatory quality-control testing for legal cannabis. TruTrace’s technology is proprietary, immutable and cryptographically secure, thereby establishing a single-source, accurate, validated and permanent account for cannabis strains from ownership to market.
this will help keep regulatory costs down. There is also the responsibility of being more transparent on the CSE which will definitely reassure investors.