The Very Good Food Company (CSE: VERY) this morning announced that it will be leaving the Canadian Securities Exchange. The company has now received formal approval to list its shares on the TSX Venture.
Effective March 17, the company will be listed on the mid-tier exchange, with its equity remaining under the symbol “VERY”. As a result, the last day of trading on the CSE will be that of March 16, while listings in the United States and Frankfurt remain unaffected.
The company justified the move to the mid-tier exchange by using the standard explanation of the ability to expand its shareholder base, enhance value, and accelerate M&A initiatives related to strategic opportunities.
The Very Good Food Company last traded at $5.87 on the CSE.
Information for this briefing was found via Sedar and The Very Good Food Company. The author has no 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.
