Scottsdale, AZ Northsight Capital (OTCQB: NCAP) announced it has received approval from the OTC Markets to have its publicly traded shares listed on the OTCQB, a major upgrade from the current “pink sheets” status effective immediately.
The OTCQB Venture Market offers public companies a strong baseline of transparency and trading to inform and engage investors. OTCQB’s streamlined rules and regulations provide the benefits of being publicly traded at less than a quarter of the cost of a national stock exchange listing. As America’s Venture Market, OTCQB offers efficient public trading for companies to start building shareholder value today and develop into tomorrow’s leaders.
The OTCQB® Venture Market is for early-stage and developing U.S. and international companies that are not yet able to qualify for OTCQX. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must meet $0.01 bid test and may not be in bankruptcy.
Company Benefits on OTCQB
- Grouped with other companies that have audited financials available and are current in their reporting
- Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
- Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete
- Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
- Trading on an established public market with Blue Sky recognition
- Greater information availability for investors through the OTC Disclosure & News Service
- Transparent prices for investors through full-depth of book with Real Time Level 2 quotes
- Access to Morningstar quantitative equity ratings and research enables investors to better analyze and benchmark a company relative to its sector
About Northsight Capital, Inc.
Northsight Capital, Inc. (“NCAP“) is comprised of a portfolio of online marijuana-related websites that are being developed and operated by the company. These sites incorporate many aspects of the marijuana industry. The company provides its audience with a means to stay informed on the industry’s most cutting edge marijuana-related innovations and legislation. The company’s most dynamic concept, WeedDepot.com, provides consumers with a geo-targeted map directory of medical and recreational dispensaries, head shops, doctors, attorneys and more within the marijuana industry. The Weed Depot app can be downloaded for free at the iTunes Store and Google Play. Weed Depot has an entire platform of content suited for every aspect of advertising and marketing to consumers from all businesses in the cannabis industry.
The company’s 420Careers.com is a leading job site in the Cannabis space with 3000 to 5000 visitors a day and approximately 700,000 page views per month.
Various statements in this release, including those that express a belief, expectation or intention, may be considered “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects or transactions. Forward-looking statements may also include projections and estimates concerning our future operating results and financial condition. When we use the words “will,” “believe,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,” “estimate,” “plan,” “predict,” “project,” or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.
Northsight Capital, Inc.
Source: Northsight Capital Inc.