HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, has announced that the Depository Trust Company (“DTC”) has approved its common shares for DTC full-service eligibility. The approval is for the United States and means that the common shares can now be both traded and serviced through DTC’s electronic book-entry system. A subsidiary of the Depository Trust & Clearing Corp. (“DTCC”), DTC provides clearing and settlement services for the financial markets; the entity also settles securities transactions in the United States. By utilizing this electronic method of clearing securities, the receipt of stock and cash goes faster, ultimately quickening the entire settlement process for investors and brokers and allowing stock to be traded over a wider selection of brokerage firms. “By offering electronic settlement, DTC eligibility provides us with a larger platform to attract investors,” said HempFusion co-founder and CEO Jason Mitchell in the press release. “From online trading platforms to banks to brokerage firms, the full spectrum of investors can now access our company resulting in more liquidity.”
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About HempFusion Wellness Inc.
HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research and HF Labs, to approximately 4,000 retailers across all 50 states of the United States and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 46 SKUs (“SKUs”) including tinctures, proprietary FDA Drug Listed over-the-counter (“OTC”) topicals, doctor/practitioner lines and more. With a strong focus on research and development, HempFusion has an additional 30 products under development. HempFusion is a board member of the US Hemp Roundtable, and HempFusion’s wholly owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States, according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex(TM) and are available in store or online. For more information about the company, visit www.HempFusion.com.
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