Friends – TerrAscend, a publicly-traded MSO that holds both US and Canadian assets, announced on Tuesday that it has applied to list its stock, which is currently traded on the Canadian Securities Exchange (CSE), for trading on the Toronto Stock Exchange (TSX). Generally, the TSX won’t allow US-based cannabis operators to list because, well, cannabis is still illegal down here – a concern that the CSE doesn’t share. The press release provided no information about how they’re going to do this, other than referring to an upcoming shareholder vote to restructure the company in order to achieve this.
Cannabis Musings - March 15, 2023
Cannabis Musings - March 15, 2023
Cannabis Musings - March 15, 2023
Friends – TerrAscend, a publicly-traded MSO that holds both US and Canadian assets, announced on Tuesday that it has applied to list its stock, which is currently traded on the Canadian Securities Exchange (CSE), for trading on the Toronto Stock Exchange (TSX). Generally, the TSX won’t allow US-based cannabis operators to list because, well, cannabis is still illegal down here – a concern that the CSE doesn’t share. The press release provided no information about how they’re going to do this, other than referring to an upcoming shareholder vote to restructure the company in order to achieve this.