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Cabinet Grow Uplists to the OTCQB with DTC Eligibility

Ryan Allway

August 27th, 2015

News, Top News

[stockchart symbol=CBNT]

Cabinet Grow Inc. [stockquote symbol= CBNT], a developer and marketer of cabinet-based horticulture systems, recently announced that it has secured DTC eligibility and has been approved to up-list to the OTCQB Venture Marketplace. In addition, the company plans to be debt-free within 90-days after restructuring agreements with certain creditors. These actions will add transparency and improve investor value over time.

“We are pleased to announce that we have obtained DTC eligibility, while at the same time being up-listed to the OTCQB Marketplace,” said Sam May, chief executive officer of Cabinet Grow, Inc. “Cabinet Grow is committed to the high level of financial and corporate disclosure that is required for this listing category, and this is demonstrated in our rapid up-list to the OTCQB. These accomplishments further validate our continued commitment to our shareholders and we believe that trading on the OTCQB and being DTC eligible will enhance trading liquidity and broaden our shareholder base as we continue to escalate market adoption of our horticulture products, solutions and related verticals.”

The move could open the door to institutional investments and a wider investor base over time, given the DTC’s simpler means for transferring shares and the greater transparency offered by the OTCQB compared to the Pink Sheets. In the future, management plans to pursue an uplisting to the NASDAQ as it works with a trusted group of advisors, transfer agents, and legal and compliance officers, as well as its CFO Barry Hollander.

Cabinet Grow, Inc., through its predecessor Universal Hydro, began operations in California in 2008. In April 2014, the company changed its name to Cabinet Grow, Inc. and in May 2014 became a Nevada corporation. The Company, based in Irvine, Calif., makes cabinet-based horticultural systems. The self-contained design and construction of the hydroponic and soil-based grow cabinets makes the process of home growing automated and simplified. Our mission is to make hydroponic and soil growing simpler, more efficient and a better value than other products found on the market.

For more information, check out: http://www.cabinetgrow.com.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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