JustKitchen Begins Trading on OTCQB Marketplace on October 25, 2021
The Up-Listing of the Company's Common Shares to the OTCQB Coincides with its Recent Receipt of DTC Eligibility, which Enhances the Ability of US Investors to Become Shareholders of JustKitchen
VANCOUVER, BC, Oct. 25, 2021 /CNW/ - Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTC: JKHCF) (Frankfurt: 68Z), an operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce that its common shares have been successfully up-listed (the "Up-Listing") from the OTC Pink Sheet Open Market to the OTCQB Venture Market (the "OTCQB") by the OTC Markets Group Inc. ("OTC Markets"). The Company's common shares will begin trading on the OTCQB under the symbol "JKHCF" as of the opening of the market on October 25, 2021. JustKitchen has a verified profile and is 12g3-2(b) Certified by OTC Markets. The Up-Listing complements the Company's previously announced receipt of DTC Eligibility.
Operated by OTC Markets, the OTCQB offers transparent trading in entrepreneurial and development stage companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification and management certification process. The OTCQB is recognized by the United States ("US") Securities and Exchange Commission as an established public market providing public information for analysis and value of securities. These standards provide a strong baseline of transparency, as well as the technology and regulations to improve the trading experience for investors.
Investors or other interested parties in the US can obtain real-time quotes for JustKitchen as well as access its most current news and other information at www.otcmarkets.com. Shareholders will also now have greater access to information via the OTC Disclosure and News Service, as well as transparent prices through full depth-of-book with Real Time Level 2 quotes.
"The listing of JustKitchen's shares on the OTCQB is an important development for the Company as it makes it easier for American investors to obtain information about our securities and purchase our stock. Coupled with our recent receipt of DCT Eligibility, the Up-Listing enables US residents who are interested in the ghost kitchen industry to become shareholders and participate in our growth," said Jason Chen, Co-Founder and Chief Executive Officer of JustKitchen. "Now with our common shares being listed on the TSX Venture Change, OTCQB and Frankfurt Stock Exchange, it is easier than ever before for investors in the world's major capital markets to become owners of JustKitchen's equities," added Mr. Chen.
JustKitchen is primarily an operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan and Hong Kong with plans to expand operations to the United States and other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding the opening dates of the New Locations and the optimal demographic nature of the districts in Taipei City and New Taipei City. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021, and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
SOURCE Just Kitchen Holdings Corp.
Company Codes: Frankfurt:68Z, OTC-PINK:JKHCF, OTC-QB:JKHCF, TorontoVE:JK
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