(TheNewswire)
Toronto, ON - TheNewswire - March 22, 2023 - Hill Street Beverage Company Inc. ( TSXV:HILL ) ( OTC:HSEEF )(" Hill Street ” or the " Company "), a progressive bioscienceimplementation company that utilizes new technologies to provideinnovative cannabis solutions and non-alcoholic beverage products,confirms that its OTCQB-listed common shares under the symbol“HSEEF” are now eligible for electronic clearing and settlementthrough the Depository Trust Company (" DTC ") in theUnited States.
The DTC is a subsidiary of the Depository Trust &Clearing Corporation and manages the electronic clearing andsettlement of publicly traded companies. Securities that are eligibleto be electronically cleared and settled through DTC are considered"DTC eligible." This electronic method of clearingsecurities speeds up the receipt of stock and cash, and thusaccelerates the settlement process for investors and brokers, enablingthe stock to be traded over a much wider selection of brokerage firmsby coming into compliance with their requirements. Being DTC eligibleis expected to greatly simplify the process of trading andtransferring the Company's common shares on the OTCQB.
The OTCQB is a market for established companies, bothfrom the U.S. and other countries, that meet high financial standards,and provide timely news and disclosure to investors.
"As a direct result of Hill Street’s DTCeligibility, the Company’s stock is now accessible to all USinvestors and institutions. DTC eligibility also allows trading ofthe Company’s stock in the capital markets to be strengthened. HillStreet has a significant and constantly expanding investor followingout of the US and enhancing our exposure for investment isexciting", stated Matthew Jewell, CFO of Hill Street.
About Hill Street Beverage CompanyInc. (TSXV: HILL)
Hill Street is a progressive bioscience implementationcompany that utilizes new technologies to provide innovative cannabissolutions and non-alcoholic beverage products globally. We arepioneering the space where craft consumer products meet bioscience byleveraging our deep CPG expertise to commercialize leading-edgetechnologies to craft superior plant-derived consumer products. We arecurrently developing the platform for North American distributionaround our rights to use Lexaria Bioscience Corp.’s ground-breakingDehydraTECH™ patent portfolio for product development, licensing andB2B sales of cannabis ingredients.
For more information :
Matthew Jewell, Chief Financial Officer
matthew@hillstreetbevco.com
FORWARD-LOOKING STATEMENTS
Statements in this press release may containforward-looking information. Any statements in this press release thatare not statements of historical fact may be deemed to beforward-looking statements. Forward-looking statements are oftenidentified by terms such as “may”, “should”, “would”,“anticipate”, “expects”, and similar expressions. The readeris cautioned that assumptions used in the preparation of anyforward-looking information may prove to be incorrect. Events orcircumstances, such as future availability of capital on favourableterms, may cause actual results to differ materially from thosepredicted, as a result of numerous known and unknown risks,uncertainties, and other factors, many of which are beyond the controlof the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Suchinformation, although considered reasonable by management at the timeof preparation, may prove to be incorrect and actual results maydiffer materially from those anticipated. Forward-looking statementscontained in this press release are expressly qualified by thiscautionary statement. The forward-looking statements contained in thispress release are made as of the date of this press release. TheCompany does not undertake any obligation to update publicly or torevise any of the included forward-looking statements, whether as aresult of new information, future events or otherwise, except asrequired by securities law.
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
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