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Cryomass Technologies Inc. (OTC:CRYM), a small-cap company with a market capitalization of $124.83 million, announced Monday that its common stock has been moved from the OTC Pink market to the OTC Expert Market by OTC Markets Group. The change was made because the company is not current with its regulatory filings, according to a statement released by the company.
As a result of this move, public quotations for Cryomass Technologies’ securities are no longer available. Only broker-dealers and professional or sophisticated investors can view quotations in Expert Market securities. However, there are no restrictions on who may trade the securities themselves.
The company stated it is working to regain compliance with its regulatory filings, including its Form 10-K and Form 10-Q, with the goal of returning to a higher market tier.
Cryomass Technologies is incorporated in Nevada and is headquartered in Denver, Colorado. The company does not currently have securities registered on a national securities exchange.
This information is based on a press release statement included in the company’s SEC filing on Form 8-K.
In other recent news, White Fox Ventures has announced a significant change in its leadership and ownership structure. The company reported that its control shareholder has entered into an agreement to sell 60% of the company’s voting power to Mark A. Jones, pending the completion of the purchase. Meanwhile, Quartz Mountain Resources has filed its quarterly financial statements with the U.S. Securities and Exchange Commission, providing essential financial information and analysis from its management. In a notable development, 4Front Ventures (OTC:FFNTF) has declared bankruptcy under the Canadian Bankruptcy and Insolvency Act, with B. Riley Farber Inc. appointed as the trustee to oversee its assets. Prior to this, 4Front Ventures transitioned to the OTC Pink Market due to its failure to file audited financial statements for the previous fiscal year. Additionally, Greenway Technologies has entered into a new agreement with Renewable Elements, LLC, involving a $1.3 million non-refundable deposit for the installation of a G-Reformer™ pilot site for gas production. These recent developments highlight significant changes and challenges faced by these companies.
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