Monday, December 05, 2022 5:42:13 PM
On Curaleaf’s latest earnings call, you mentioned you’re looking into uplisting to a larger exchange such as the Nasdaq. Can you share more?
Yeah, so hopefully SAFE passes in the lame-duck (Congress).
And, if that occurs, the U.S. exchanges potentially are going to be available depending on what the language of that law actually says.
So we have been proactively speaking to Nasdaq about that opportunity.
That Nasdaq lists non-plant-touching companies that derive all the revenue from plant-touching companies or international companies that are not even U.S.-based feels a little backward.
But to list U.S. plant-touching companies, they need federal legislation to permit them to do that.
We’ve been talking to the (Toronto Stock Exchange) as well.
I think there’s a path potentially to uplist to the TSX, which would be an improvement in liquidity and availability of at least some institutional investors to purchase our stock.
We’re having all of those conversations, and ultimately, we want to figure out the best opportunity for liquidity being accessible to the larger investor base.
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