TerrAscend Corp. has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX).
Final approval of the TSX listing is subject to the company meeting customary conditions required by the exchange. TerrAscend said it will announce when the TSX confirms the date that trading will commence on the exchange.
“I would like to express my sincere appreciation to the teams at the TSX, TerrAscend and Cassels for working so hard to get us to this point,” said Jason Wild, executive chairman of TerrAscend. “I speak for everyone at TerrAscend when I say we are honored to be in the position to blaze this trail for the industry. We have an exciting future ahead of us and we can’t wait to share the TerrAscend story with the larger audience of participants that this listing brings.”
In connection with the TSX listing, TerrAscend has submitted a request to delist its common shares from the Canadian Securities Exchange (CSE). The CSE delisting is expected to be effective on or shortly after its common shares commence trading on the TSX.
TerrAscend has vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan and California and retail operations in Canada.