Village Farms (TSX: VFF) is leaving Canadian markets. The firm this morning announced that it has elected to voluntarily delisted its securities from trading on the Toronto Stock Exchange, with its application for such a move already having been approved.
The company is leaving the exchange largely due to its lack of activity. In making the decision, the firm stated that the volume traded on the exchange “no longer justifies the expense and administrative requirements associated with maintaining a TSX listing.”
The firm will continue to maintain its listing on the Nasdaq, which it believes provides “sufficient liquidity.” Holders of the equity will be able to trade their common shares on the Nasdaq following the delisting of the firm from the TSX.
The delisting is slated to be effective as of December 31, 2021.
Village Farms last traded at $8.05 on the TSX.
Information for this briefing was found via Sedar and Village Farms International. 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.
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.