Published: March 14, 2023 at 7:18 a.m. ET
By Adriano Marchese
TerrAscend Corp. mentioned Tuesday that it intends apply to be listed on the Toronto Stock Exchange and that it would reorganize its enterprise to meet the necessary prerequisites to do so.
The Canadian cannabis operator did not deliver any facts of what components of the enterprise would be element of the reorganization plans, but mentioned it…
By Adriano Marchese
TerrAscend Corp. mentioned Tuesday that it intends apply to be listed on the Toronto Stock Exchange and that it would reorganize its enterprise to meet the necessary prerequisites to do so.
The Canadian cannabis operator did not deliver any facts of what components of the enterprise would be element of the reorganization plans, but mentioned it has hired Cassels Brock & Blackwell LLP to act as its legal and strategic advisor.
Presently, the corporation is listed on the Canadian Securities Exchange and on the OTCQX market place in the U.S.
TerrAscend cautioned that its ambition to list on the TSX is not assured, and that it remains contingent on the satisfaction of all listing and regulatory specifications as properly as shareholder approval.
“Even though the U.S. regulatory atmosphere continues to evolve, we are grateful for the leadership of the TSX, which offers issuers with sensible oversight and regulation in a complicated sector to guarantee investor protection and capital markets integrity,” Executive Chairman Jason Wild mentioned.
It mentioned it would share the facts of the reorganization just before it mails the proxy statement ahead of the company’s annual basic meeting.
Create to Adriano Marchese at adriano.marchese@wsj.com
