TerrAscend Corp. applied to list its shares on the Toronto Stock Exchange (TSX), which would represent a step up to a larger exchange for the marijuana multistate operator.
A TSX listing for TerrAscend “would be the first major stock-market membership for a U.S. multistate operator,” according to Bloomberg News.
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TerrAscend has offices in New York and Toronto.
The company’s shares already trade in Canada on the Canadian Securities Exchange (TER) and on the U.S. over-the-counter markets (TRSSF).
Several other American cannabis MSOs are also listed on the Canadian Securities Exchange, but the TSX could offer benefits such as more liquidity and better access to institutional investors.
“We believe that we will qualify for the listing, and the TSX is a major exchange that will bring a lot more liquidity to our listing,” TerrAscend Executive Chair Jason Wild told Bloomberg.
“The liquidity is sorely needed and doesn’t
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