STENOCARE A/S NASDAQ FIRST NORTH GROWTH MARKET, DENMARK TICKER: STENO STENOCARE A/S (“STENOCARE”) today announces that the company’s shares have been included on the BSRM segment of the Börse Berlin under the Code number A2N6HF. STENOCARE has no relation to the broker firm which applied to Börse Berlin for the shares to be added. While STENOCARE makes no projection as to the potential impact of this development, the company’s management is positive about the possibility to increase the reach to investors in the German market. The trading on the Berlin Open Market will complement STENOCARE’s listing on Nasdaq First North Growth Market Denmark.
Germany legalized medical cannabis in 2017 and is currently one of Europe’s largest medical cannabis markets. STENOCARE’s management is therefore positive about the company’s shares being included at the Börse Berlin, which will provide the company with increased access to German investors. As has previously been announced, STENOCARE has considered alternatives for co-trading in other international markets, as a way of responding to requests from international investors. The trading at the Börse Berlin’s BSRM (Berlin Second Regulated Market), albeit not on STENOCARE’s own initiative, is therefore in line with the company’s plans and could contribute to a broader interest in STENOCARE.
Thomas Skovlund Schnegelsberg, CEO of STENOCARE, comments:
“It is certainly a good sign that we have now been informed about STENOCARE’s share being added to the Börse Berlin, which will provide us with increased visibility and access to German investors. We continue to prepare and roll-out our strategy for wider European market leadership and look forward to welcoming new shareholders from Germany and other European countries”.