Commencing market open on Feb. 7, 2023, Grounded People Apparel Inc.'s common shares will be listed for trading on the OTCQB Venture Market under the trading symbol GPAIF.
Grounded People's chief executive officer, Maximillian Justus, commented: "The OTCQB listing is an important milestone for Grounded People and will allow for greater exposure and accessibility to the company for our existing and prospective U.S. shareholders. We look forward to growing our shareholder base further and sharing our story with U.S. investors."
Trading on the OTCQB platform offers Grounded People the advantages of being publicly traded in the United States while also providing the added benefit of lower cost and complexity than a major U.S. exchange listing. U.S. investors will have access to efficient trading through their preferred broker or financial adviser, transparent pricing with real-time quotes, and trusted and full disclosure on the company that is made broadly available to broker dealers and market data providers.
The OTCQB is a leading market for early-stage and developing U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. Investors can find information and trading statistics on Grounded People on the OTC Markets website.
The company's common shares will continue to trade on the Canadian Securities Exchange under the symbol SHOE.
Following its most recent successful multimillion-dollar raise, the company signed a contract for a marketing and awareness program with Stride Publishing to further strengthen market recognition for the brand and the company over all and in the investment community. The company budgeted a total of $550,000 for the next 12 months and advanced the payment in full.
The services will include, but are not limited, to investor relations, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns.
Consideration offered to Stride does not include any securities of the company. Aside from this engagement, the company previously retained Raafat Nasser, chief executive officer of Stride, as a consultant of the company providing executive administration to the company. Mr. Nasser has not received any securities or stock options as compensation. Mr. Nasser does not have any interest, directly or indirectly, in the company or its securities. Stride's business address is located at Suite 1805, 5311 Goring St., Burnaby, B.C., Canada, V5B 0B5 (e-mail: firstname.lastname@example.org; telephone number: 604-710-7318).
About Grounded People Apparel Inc.
Grounded People Apparel is an innovative apparel company focused on delivering high-quality products to its customers that are 100 per cent PETA (People for the Ethical Treatment of Animals) approved vegan. The company is primarily engaged in the business of fair-trade, sustainable and Earth-conscious fashion. The company's initial products, which launched in the fourth quarter of 2021, are its high-top and low-cut canvas sneakers, which are made from sustainable, ethically sourced and produced materials and are manufactured by fair-trade workers in a 100-per-cent-vegan manufacturing facility that is located in Brazil.
In addition to its commitment to a fashion industry that reduces waste and environmental impacts, the company aims to create a meaningful positive impact on the world through its L.A.C.E.S. campaign. The L.A.C.E.S. campaign provides consumers an option to select a specific set of shoelaces to accompany their footwear purchase, the colour of which is associated with one of the charities the company has committed to support, whereby all profits from the sale of shoelaces will be donated correspondingly.