Thursday, August 7, 2025

Valens Company Applies For Nasdaq Listing, Looks To Consolidate Shares

The Valens Company (TSX: VLNS) appears to be in search of additional liquidity. The company this morning announced that it has submitted an application to upgrade its US listing to the Nasdaq Capital Market.

The initial application is expected to be reviewed by June 2021, after which the exchange is expected to make a final decision. If approved, the company will continue to trade on the Toronto Stock Exchange under its current symbol, while maintaining the big board listing in the US.

Furthermore, as a result of the application the company will look to consolidate its shares to meet listing requirements. A potential consolidation figure was not provided, with details to be released in connection with its management information circular ahead of next months shareholder meeting. The company currently has roughly 159.38 million shares outstanding.

The company intends to seek the listing as a means of enhancing corporate visibility, liquidity, and broaden investor awareness of the company while improving value for shareholders.

The Valens Company last traded at $3.43 on the TSX.


Information for this briefing was found via Sedar and The Valens Company. The author has no securities or affiliations related to this organization. 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

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Nova Scotia Bans Forest Access to Prevent Wildfires

Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial

Related News

Valens Company: Analysts Downgrade Company Following Reduced Guidance

The Valens Company (TSX: VLNS) experienced a pretty wild second half of January, and analysts...

Monday, February 1, 2021, 02:39:00 PM

Valens Company Reports Declining Preliminary Q4 Revenues, Q1 2021 Guidance

The Valens Company (TSX: VLNS) this evening put out preliminary figures for its fourth quarter...

Tuesday, January 19, 2021, 06:13:10 PM

Stifel-GMP: SNDL Acquiring Valens “Does Not Come As A Surprise”

On August 22, SNDL Inc (NASDAQ: SNDL) announced that it would be acquiring Valens Company...

Friday, August 26, 2022, 04:13:00 PM

Public Cannabis Companies Have Already Received More Than $25 Million in Federal Wage Subsidies

In response to the spread of COVID-19, the Canadian Federal Government introduced several programs to...

Saturday, November 14, 2020, 10:00:00 AM

Valens: Canaccord Drops Price Target To $3.50 Following Earnings

Last week, The Valens Company (TSX: VLNS) reported fourth quarter and year end financial results....

Monday, March 1, 2021, 10:38:00 AM