GRN Holding Corp (GRNF)

[DWillie]

Never said dual listing protects them. Canadian laws protect them in that they won't raid their Canadian bank accounts. Dual listing just gives them more access to capital markets since they can't go to the NYSE/NASDAQ.

https://www.proactiveinvestors.com/companies/news/206022/why-america-s-cannabis-companies-are-flocking-to-canada-to-woo-public-investors-206022.html

And since there have been so many Canadian shell companies bought recently, the price to acquire a good one has gone up. It explains why DCGD owners got cash AND kept a good portion of their shares. The typical RM deal in the past used to include only one or the other.

https://realmoney.thestreet.com/investing/cannabis/why-canada-rules-as-a-haven-for-listing-cannabis-companies-14826217

RTOs are the faster option to the market, which is why many cannabis companies have chosen to purchase a shell company to speed their listing process. The transaction only needs to be approved by exchange authorities. The stock can begin trading as soon as the deal is announced, and the report noted that companies can complete raising capital in a private placement.

RTOs also are cheaper than IPOs. But while there is less regulatory oversight of RTOs, the competition for the "good" shell companies is increasing, according to the report. And because shell companies also bring the potential baggage of prior liabilities, a good shell can cost more.

Cannabis company owners also at times must give up a percentage of shares to the shell company owners, which isn't an issue in an IPO. This creates pressure on picking the right shell company.