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Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) filed its application to list the company's subordinate voting shares on the Toronto Stock Exchange (TSX).
As previously announced, the cannabis company completed a marketed offering of subordinate voting shares on October 3, 2023 in order to satisfy a condition required for a potential listing on the TSX.
"We are pleased to announce we have submitted our listing application to the TSX," stated executive chairman Boris Jordan. "I believe uplisting to the TSX will provide greater access to a broader set of global institutional investors, offer custody solutions backed by U.S. financial institutions, reduce volatility in our stock by having dedicated market makers, and make Curaleaf available for inclusion into indexes such as TSX and MSCI, all to the benefit of our stakeholders. We continually manage the business with the best interest of the company in mind, and filing our application with the TSX is yet another step in that direction."
The listing of the subordinate voting shares on the TSX remains subject to the review of the TSX and is contingent on the satisfaction of all listing and regulatory requirements. There is no assurance that the TSX will approve the listing application or that the company will complete the listing on the TSX as currently proposed.
Curaleaf shares closed Monday market session 1.78% higher at $4.3 per share.
Related Links:
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EXCLUSIVE: Curaleaf's Boris Jordan Puts Premium On Cannabis Quality, Says 'We Want To Be The Best'
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