Curaleaf Receives Approval For TSX Listing

Curaleaf Holdings (CSE: CURA) is officially leaving the Canadian Securities Exchange. The company has been approved to list its subordinate voting shares on the Toronto Stock Exchange, following months of work by the company to up list.

The approval is said to be conditional in nature, with final approval required. As a result, a timeline for the move has not yet been provided. The company has indicated that it intends to delist from the CSE upon listing on the TSX.

“We are now one step closer to accessing an even broader set of global institutional investors than we currently have, alongside the capital and increased liquidity that comes with listing on a major exchange such as the TSX,” commented executive chairman Boris Jordan on the approval.

The move to the TSX has been months in the making, with Curaleaf announcing in October that it had formally filed an application for listing, following the approval of TerrAscend (TSX: TSND) to list on the Tier 1 exchange back in July. That approval led to Curaleaf immediately moving to reorganize its assets in a manner that permitted the listing.

The uplisting for TerrAscend however has not been the magic bullet that it had hoped, with the name effectively being flat since its uplisting.

Notably the loss of Curaleaf will have a major impact on the CSE. The cannabis operator currently makes up 22.32% of the CSE Composite Index, and 29.83% of the CSE25 Index.

Curaleaf last traded at $5.85 on the CSE.


Information for this story was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Views expressed within are solely that of the author. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Curaleaf Sees Numerous Analysts Raise Price Targets Following Third Quarter Results

On Tuesday, Curaleaf Holdings (CSE: CURA) reported their third quarter results. The company reported total...

Saturday, November 21, 2020, 01:27:00 PM

Curaleaf Holdings Announces Overnight Marketed Financing Following Democrat Sweep

At least one US multi-state operator is set to take advantage of the bullish sentiment...

Wednesday, January 6, 2021, 05:36:53 PM

Curaleaf Q1 2023 Financials: Higher Revenue, Lower Margins, Wider Losses

Curaleaf Holdings (CSE: CURA) reported its Q1 2023 financials late last night, just days after...

Thursday, May 18, 2023, 08:57:18 AM

Curaleaf Reports $216M Net Loss in 2024 Despite $1.34B Revenue

Curaleaf Holdings (TSX: CURA) reported a net loss of $216.2 million for 2024 which, while slightly improved...

Tuesday, March 4, 2025, 08:01:00 AM

Curaleaf Holdings To Raise C$275.6 Million Via Overnight Marketed Offering

Curaleaf Holdings (CSE: CURA) this morning released the pricing of its previously announced overnight marketed...

Thursday, January 7, 2021, 10:14:18 AM