The company expects transparent reporting standards, annual audits and other quality measures to broaden its investor base and increase its liquidity.
DOVER, DE /ACCESSWIRE/July 12, 2022/ Heroic Technologies (OTCQB:HENC) Twitter: @heroicmindtech, a cannabis company focused on a “seed-to-sell” vertical integration strategy, today announced that the OTC Markets Group upgraded the company’s common stock to the OTCQB market. As a mid-tier over-the-counter equity market in the United States, the OTCQB is less speculative than Pink Sheets for early-stage developing companies. To qualify for OTCQB listing, a company must meet strict reporting standards, undergo annual audits and certifications, and pass a $0.01 bid test. Companies listed on the OTCQB must also have a public float representing more than 10% of total shares outstanding, with at least 50 beneficial shareholders, and each shareholder holding at least 100 shares.
The OTCQB market operates through OTC Link, an inter-dealer quotation and trading system registered as a broker-dealer and alternative trading system with the Securities and Exchange Commission. Companies listed on the OTCQB report to a US regulator, in accordance with high standards of transparency.
“The upgrade of our common stock to the OTCQB market is an important step in the growth and maturity of our company,” said Hero Technologies CEO Gina Serkasevich. “We are committed to serving our shareholders and investors with transparent communication and accurate and timely disclosure of material information. By embracing the higher regulatory standards of the OTCQB market, we believe Hero Technologies will become a more attractive investment option. for many other investors, improving the visibility and liquidity of our business.”
The OTCQB’s rules regarding the public availability of current information reflect the fundamental principle of transparent disclosure of the OTC Markets Group. A company listed on the OTCQB is expected to promptly and publicly disclose any information that could materially affect the market for its securities. Company management also has a responsibility to dispel misinformation that leads to unusual market activity. In addition, an OTCQB company must ensure that any marketing or promotion of its stock reflects accurate information, free of misleading or speculative “hype”, and that it clearly discloses its relationships with marketers and promoters.
“We are pleased to continue to follow the rules of accuracy and transparency required by our OTCQB listing,” Serkasevich added. “Our commitment to accuracy and transparency is particularly important as we disseminate information via email, Twitter, InvestorsHub, Discord, Telegram and other channels with the aim of raising awareness of our market and the opportunities for investment.”
About Hero Technologies
Hero Technologies Inc. is a cannabis company working towards a vertically integrated business model. The Company owns a controlling interest in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and the cultivation of large flowering plants, creating increased harvest efficiency. The company’s strategic business plan includes genetic engineering of cannabis, agricultural land for the cultivation of cannabis for medical and recreational purposes, production licensing, distribution licensing, consumer packaging and sales operations retail and dispensary that make the company a multi-state operator (MSO).
This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as than amended. These forward-looking statements may include: management plans relating to the proposed project; the expected time of completion of the proposed project; the ability to carry out the proposed project; any statement of management plans and objectives for future operations, products or services, including execution of the proposed project plans; any statement of expectation or belief; projections related to certain financial measures; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are generally identified by words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “plan”, “intend”, “may”, “outlook”, “plan”, “project”, “seek”, “should”, “target”, “will”, “would” and other similar words and expressions or negative forms of such words. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time and are beyond our control. Forward-looking statements speak only as of the date on which they are made. Neither Hero Technologies Inc. nor its holding company or its subsidiaries do not undertake any obligation to update any forward-looking statements. Because forward-looking statements, by their nature, are uncertain or hypothetical to varying degrees, actual results or future events could differ, possibly from s way material, of those that Hero Technologies Inc., its holding company or its subsidiaries anticipate in forward-looking statements, and future results could differ materially from historical performance.
Contact Hero Technologies:
Ms. Gina Serkasevich, CEO
(302) 538-4165 | [email protected]
THE SOURCE: Hero Technologies Inc.
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