Jack Nathan Medical Corp, the holding company for Jack Nathan Health (CVE:JNH) (OTCQB:JNHMF) shares have started trading on the OTCQB Venture Market, broadening the Canadian healthcare company’s investor base throughout the US.
Shares of Toronto-based Jack Nathan Health debuted on the exchange under the symbol ‘JNHMF’ on March 3.
In a statement Thursday, CEO George Barakat called the listing a “significant milestone” for the company that will provide it with additional liquidity and better exposure to US investors.
READ: Jack Nathan Health expanding operations across Canada and Mexico
“As our company continues to execute on its growth strategy to bring accessible healthcare to people through our clinics, the US market is important both in terms of investor interest, but also potential opportunities,” Barakat said. “It is also a reflection of our commitment to transparency and to build sustainable shareholder value.”
Jack Nathan Health is one of Canada’s largest healthcare networks, with physician and ancillary medical services located inside Walmart stores across the country and in Mexico.
“Listing on the OTCQB is an extension of our capital markets strategy and an important step to increase investor awareness and interest in Jack Nathan Health,” said Mike Marchelletta, Jack Nathan Health’s president. “With the potential for enhanced liquidity and heightened investor exposure, listing on a US exchange is a crucial step for generating this type of elevated standing within the growing healthcare industry.”
The OTCQB is a leading US market for early stage and developing companies. To be eligible for trading, companies must be current on disclosure obligations, provide an annual company verification and management certification process, and to pass a minimum bid price test.
Jack Nathan Health also trades on the TSX Venture Exchange in Canada.
The company added Thursday it is in the process of completing its application for DTC eligibility.
Shares of Jack Nathan closed at US$0.58 on Wednesday afternoon over-the-counter and at C$0.77 on the TSX Venture Exchange.
Contact Angela at angela@proactiveinvestors.com
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