SWEDENCARE AB Advances to OTCQX for Greater Transparency

SWEDENCARE AB Advances to OTCQX for Greater Transparency

NEW YORK — The OTC Markets Group Inc. is excited to announce that SWEDENCARE AB has officially joined the OTCQX Best Market. This milestone marks a significant upgrade from its previous position on the Pink Market, enhancing the trading experience for U.S. investors.

Starting today, SWEDENCARE AB is trading under the symbol "SWDCF." Investors can easily access vital financial disclosures and real-time quotes through the OTC Markets’ platform. The move to OTCQX is more than a change of symbols; it signifies a commitment to improving corporate transparency and investor accessibility.

Companies aiming to list on the OTCQX must adhere to stringent financial standards and must demonstrate adherence to best practices in corporate governance, thus ensuring that they comply with all applicable laws regarding securities. This is an essential aspect as it fosters trust and confidence among investors.

According to Håkan Lagerberg, CEO of SWEDENCARE AB, expanding into the U.S. market has been a strategic move for the company over the years. With 75% of their sales now coming from North America, it was a natural progression to enhance their presence among American investors. Their well-established pet care brands like NaturVet and Pet MD underscore their commitment to providing quality health solutions for pets, ultimately making it easier for U.S. investors to support SWEDENCARE.

About SWEDENCARE AB

SWEDENCARE AB specializes in developing, producing, and selling premium healthcare products tailored for pets, including cats, dogs, and horses. They are listed on the Nasdaq First North Growth Market and have established a robust portfolio of popular brands such as NaturVet, Innovet, and ProDen PlaqueOff.

The company operates on a global scale, with their products available in approximately 65 countries, reaching veterinarians, pet stores, and various online retailers. This broad reach demonstrates SWEDENCARE’s growth trajectory and its commitment to providing quality healthcare solutions for pets. The company has reported significant revenue growth over recent years, all while maintaining high levels of profitability.

OTC Markets Group’s Role

OTC Markets Group Inc. plays a crucial role in facilitating the trading of over 12,000 U.S. and international securities. Through its three public markets—the OTCQX Best Market, OTCQB Venture Market, and Pink Open Market—OTC Markets Group aims to empower investors with transparent access to securities. The OTCQX Best Market is designed for established companies, offering a recognized platform for trading that meets high standards.

OTC Markets utilizes a data-driven approach to maintain the integrity of its trading environments. The alternative trading systems provided by OTC Link help enhance market infrastructure, making it easier for broker-dealers to facilitate trading and for companies to reach investors effectively.

Looking Ahead

With its recent upgrade to the OTCQX Best Market, SWEDENCARE AB is poised for continued success in the North American market. Their trajectory reflects both their operational excellence and their commitment to enhancing shareholder value. As they expand their presence and prominence, investors can expect transparency and a wealth of opportunities associated with one of the leading brands in the pet healthcare sector.

Frequently Asked Questions

What does the upgrade to OTCQX mean for SWEDENCARE AB?

The upgrade to OTCQX signifies improved transparency, regulatory compliance, and greater accessibility for U.S. investors looking to engage with the company.

Under what symbol is SWEDENCARE AB trading on OTCQX?

SWEDENCARE AB is trading under the symbol "SWDCF" on the OTCQX Best Market.

What types of products does SWEDENCARE AB offer?

SWEDENCARE AB offers premium healthcare products specifically designed for cats, dogs, and horses.

How has SWEDENCARE AB performed in terms of growth?

SWEDENCARE AB has shown significant revenue growth in recent years while maintaining high profitability, demonstrating its strong market presence.

Who can access information about SWEDENCARE AB's financial disclosures?

U.S. investors can easily access SWEDENCARE AB's financial disclosures and real-time quotes on the OTC Markets website.

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