BioQuest Corp. BQST is poised to list on the OTCQB market in the coming weeks.
The Newport Beach, California-based company commercializes and distributes hemp and CBD products. Its goal is to acquire companies with a presence in the nutraceutical cannabis industry.
To further boost its revenues, the company plans to yield new proprietary products to the market.
"We anticipate that trading on the OTCQB will raise our visibility within the investment community and will help to broaden our shareholder base," BioQuest CEO and chairman Thomas Hemingway said.
He further explained that "uplisting to the OTCQB will be a significant milestone for the company (if our application is accepted by the OTC MARKETS) as it provides shareholders and potential investors with greater transparency and liquidity, and exposes BioQuest to institutional investors which do not invest in Pink Sheet companies."
In September, BioQuest revealed it has expanded its product offering by developing Vital-Q, a new woman's skincare line.
Courtesy image
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.