NEW YORK, April 17, 2020 /PRNewswire/ -- Mind Medicine (MindMed) Inc. (NEO: MMED; OTCQB: MMEDF) (the "Company" or "MindMed"), the leading psychedelic pharmaceutical company, is pleased to announce that the Company has graduated from the OTC Pink Open Market to the OTCQB Venture Market ("OTCQB"). MindMed's subordinate voting shares will commence trading on the OTCQB in the United States at the open of market on April 17, 2020 under the symbol "MMEDF". The Company's subordinate voting shares will continue to trade in Canada on the NEO Exchange under the symbol "MMED" and the quotation board of the Frankfurt Stock Exchange under the symbol "BGHM".
"Qualifying for trading on the OTCQB was a key part of our international plan for growth," said MindMed Co-Founder and Co-CEO, JR Rahn. "We are very excited to start trading on the OTCQB as it will increase the Company's visibility to U.S. investors and improves liquidity for our shareholders."
While trading on the OTC Pink Open Market requires no filing or financial requirements, companies must meet a minimum bid price test, be current in their financial reporting and undergo an annual verification and management certification process to be eligible for the OTCQB. The quality standards of the OTCQB ensure that investors have the information necessary to intelligently analyze, value and trade their securities.