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| NGTF Share Price Up Big As Company Steps Up to OTC QB Another Validation and Confidence Builder for Shareholders and Potential Investors |
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 Hot Stock to Watch |
Company: Nightfood Holdings, Inc. (Pink Sheets: NGTF)
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Last:
Price: 0.61
Change (%): + 0.08 (15.09)
Volume: 1,545,040 |
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Nightfood Holdings, Inc. (NGTF) Shares Elevated to the OTCQB Venture Market, Effective Monday, February 11th
Tarrytown, NY, Feb. 11, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Nightfood Holdings Inc. (OTCQB: NGTF), a pioneering consumer goods brand development company that owns both Nightfood, Inc. and MJ Munchies Inc., received notification on Friday, February 8, 2019, that shares of its common stock have been approved for trading on the OTC Quote Board (OTCQB).
Last week, the Company announced that wholly-owned subsidiary MJ Munchies had signed a Letter of Intent for a national cannabis edibles licensing agreement with Global Consortium, a manufacturer of over 140 SKU’s in the CBD and THC infused edibles space. Global reported over $600,000 in sales in the quarter ending September 30, 2018 and sold over $2,000,000 in CBD products for 2018.
In addition, on Friday, February 8, 2018, it was announced that Nightfood ice cream won the 2019 Product of the Year award for best new ice cream (as voted on by over 40,000 American consumers), on the eve of its national launch.
“We believe that being on the QB, instead of the Pinks, has advantages for the Company, as well as for existing and potential investors,” stated Nightfood CEO Sean Folkson.
Many believe that companies listed on the OTCQB can enjoy greater liquidity due to increased transparency, more stringent reporting standards, management certification and more strict compliance requirements.
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