NetworkNewsBreaks – Choom Holdings Inc. (CSE: CH
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British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has received processing approval from The Depository Trust Company (“DTC”) of New York and, as a result, is now DTC eligible. The DTC is a subsidiary of the Depository Trust & Clearing Corporation that manages electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC enjoy expedited receipt of stock and cash, which translates to an accelerated settlement process for investors. Per the update, being DTC eligible is expected to greatly simplify the process of trading Choom’s common stock on the OTC marketplace in the United States.
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