DTC provides depository and book entry services for eligible stocks, as well as a settlement system and means the stock can now trade electronically, the firm said.

The stock can now trade electronically, the firm said

Recreational cannabis firm Friday Night Inc ( ) says its shares are now DTC (Depository Trust Company) eligible after it received approval.

DTC provides depository and book entry services for eligible stocks, as well as a settlement system and means the stock can now trade electronically, the firm said.

"Electronic clearing speeds up the delivery of stock and cash settlements, thereby accelerating trading for investors.

"DTC is the world's settlement organization for equities across the United States and in 131 other countries."

Friday Night shares closed yesterday at C$0.71.