Vivo Cannabis (TSXV: VIVO) is officially moving to the big boards. The firm announced this morning that its common shares will begin trading on the Toronto Stock Exchange effective January 24, 2020. They will subsequently voluntarily delist from the Venture as a result.
Vivo will be hosting a market opening ceremony at the Toronto Stock Exchange tomorrow as a result of the transition.
In conjunction with this mornings news release, the firm also announces a small update to its second generation cannabis products. Vivo identified that product has been shipped under the firms Canna Farms brand to both Manitoba and Saskatchewan, while additional provinces have issued purchase orders that have yet to be filled. Orders for Alberta, B.C., and Ontario are expected to ship in the near term.
Additionally, the firms Fireside branded chocolate products are expected to ship to all five of these provinces by the end of the first quarter of 2020. Fireside concentrate and vape products are also expected to be available for recreational users in Alberta, Ontario, BC, and New Brunswick within this time frame.
The firm expects its second generation cannabis products to be available in a total of seven provinces by the end of the first quarter.
Vivo Cannabis last traded at $0.40 on the TSX Venture.
Information for this briefing was found via Sedar and Vivo Cannabis. 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.