NEW YORK, Sept. 28, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading in 12,000 US and international securities, announced today that Global Food and Ingredients Ltd . (TSX-V: PEAS; OTCQX: PEASF), a Canadian plant-based foods and ingredients company, has agreed to trade on the OTCQX® Best Market. Global Food and Ingredients Ltd. (“GFI”) from the Pink® Market.
GFI begins trading today on the OTCQX under the symbol “PEASF.” US investors can visit www.otcmarkets.com for current financial information and real-time Level 2 quotes for the company.
Upgrading to the OTCQX market is an important step for companies looking to provide transparent trading to their US investors. Streamlined market standards allow companies listed on a qualifying international exchange to use their home market reporting to make their information available in US securities laws.
David Hanna, President and Chief Executive Officer, commented, “We are very pleased to begin trading on the OTCQX market, which provides GFI with a platform for increased access to US investors and the dissemination of our financial information to the US public markets offers. This is an important milestone in the development and growth of GFI, which will help us expand the communication of our story and the sustainable and environmental benefits achieved by our botanical ingredients and in-house developed products. Our goal is to be the leading supplier of plant-based, sustainable and ethical ingredients from local farms directly to consumers’ homes.”
B. Riley Securities acted as the company’s OTCQX sponsor.
GFI is a fast-growing Canadian plant-based foods and ingredients company that connects the local farm to the global supply chain for peas, beans, lentils, chickpeas and other high-protein specialty crops. GFI is organized into four main businesses: Pea Protein Inputs, Plant-Based Ingredients, Plant-Based Pet Food Ingredients and Plant-Based Consumer Packaged Goods. Headquartered in Toronto, GFI sources directly from its extensive network of growers, processes produce locally at its four wholly owned processing facilities in western Canada and ships to 37 countries around the world. GFI’s vision is to become a vertically integrated, farm-to-table, plant-based company offering traceable, locally sourced, healthy and sustainable food and ingredients. Through recent acquisition and development activities, GFI now offers a full line of plant-based consumer products with over 20 SKUs under the YoFiit, Bentilia and Five Peas in Love brands.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading in 12,000 US and international securities. Our data-driven disclosure standards underpin our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® open market.
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