OTC Markets Wants To Be The Exchange For Entrepreneurs
In a recent Bloomberg article about cannabis-related securities, Jason Paltrowitz explained that OTC Markets wants to be the market for entrepreneurs.
Paltrowitz explained how innovative companies, like those in the cannabis space, choose OTC Markets over national exchanges because National exchanges are more restrictive, more expensive, and less beneficial for small issuers.
OTC Markets has seen many international cannabis companies list on cross list on their exchange for the reasons above. 113 of the Canadian Securities Exchange’s 450 issuers cross trade on the OTC Markets.
“For the companies that aren’t in the billion-plus market cap range, the benefit from being listed on an exchange is minimal to non-existent,” Paltrowitz said.