Curaleaf Holdings hopes to be the next cannabis multistate operator to join TerrAscend on the Toronto Stock Exchange (TSX) in a bid to tap a wider investor pool.
The news, first reported by Cultivated, was tucked in a shareholder meeting notice filed by the New York-based MSO last week.
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“In connection with the proposed listing of the subordinate voting shares of Curaleaf Holdings, Inc. on the Toronto Stock Exchange, the Company wishes to implement a reorganization of its U.S. cannabis assets,” the filing reads.
The first step is soliciting consent from shareholders to a list of proposed indenture amendments, which include redefining terms such as “asset sales” and “change of control.”
TerrAscend began trading on the TSX on July 4 after restructing its business so it could list on the exchange.
The move already is bearing fruit.
Jason Wild, the executive chair of TerrAscend, tweeted
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