Canadian cannabis company TerrAscend applies for TSX listing, will carry out internal reorg

The Star (Canada) reports

TerrAscend Corp. says it has applied to list its common shares on the Toronto Stock Exchange.

The cannabis company says as part of its application and to qualify for the TSX’s minimum listing requirements, it will carry out an internal reorganization.

TerrAscend did not say what the international reorganization would entail, but says it will require shareholder approval.

TerrAscend’s TSX listing is subject to a review from the exchange and contingent on the satisfaction of all listing and regulatory requirements.

While it awaits TSX approval, TerrAscend’s shares will continue to trade on the Canadian Securities Exchange under the symbol TER and under the TRSSF symbol on the OTCQX market, an alternative exchange.

TerrAscend is behind the Gage Cannabis, the Apothecarium, Ilera Healthcare, Kind Tree, Legend, State Flower, Valhalla Confections and Arise Bioscience Inc. brands.

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