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Benzinga
Benzinga
Business
Vuk Zdinjak

Xebra Stock Slightly Up On Receiving DTC Eligibility To Improve Liquidity And Access To U.S. Investors

Xebra United States DTC Depository Trust Company

Cannabis company Xebra Brands Ltd.'s  (CSE:XBRA) (OTCQB:XBRAF) (FSE:9YC) common shares have been made eligible for book-entry and depository services of the Depository Trust Company  to facilitate electronic clearing and settlement of transfers of its common shares in the United States.

DTC eligibility is expected to simplify the process of trading and the transferring of Xebra's shares and will enhance liquidity in the United States because of the accelerated settlement period and the expected reduction in costs for investors and brokers, enabling trading over a wider selection of brokerage firms.

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