Curaleaf Seeks Reorganization Of US Assets To List On TSX
Curaleaf Holdings (CSE: CURA) is looking to be the second multi-state cannabis operator to list on the Toronto Stock Exchange. The development was disclosed within a filing made by the company on July 14 after market hours.
The company, if it successfully uplists to the TSX, would be second only to TerrAscend (TSX: TSND) in terms of US operators that have successfully listed on the exchange. TerrAscend debuted on the TSX July 4.
READ: TerrAscend Moves To Be First TSX-Listed US Cannabis Operator
The filing made by the company disclosing the intent to list on the TSX was made in relation to the reorganization of its US assets, which requires approval from certain debt holders. The reorganization is a necessary requirement to list on the top tier exchange.
A timeline for the uplisting was not disclosed within the filing. The filing however did indicate that debtholder approval won’t be obtained until at least August 18, 2023, at the time of the scheduled noteholder meeting.
Curaleaf Holdings last traded at $4.86 on the CSE.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
