Oxford Cannabinoid Technologies Holdings PLC (LSE:OCTP) has got the go-ahead for its shares to start trading on the OTCQB Market, the mid-tier OTC Equity Market in the United States.
Trading will start today (1 December 2021), it said, under the ticker symbol "OCTHF".
Dual trading of its shares on the London Stock Exchange's Main Market and the OTCQB market will provide enhanced investor benefits, it added, including easier access to trading for investors based in the US and increased liquidity provided by a broader pool of potential investors.
Trading in London will not be affected by the new US listing.
John Lucas, chief executive, said: "We are delighted to see the commencement of dual trading in the company's shares today, marking another significant corporate milestone for OCTP.
“It will increase liquidity and significantly enhance the ability of US-based investors to access and trade OCTP shares.”