This Weed Company Has Just Become The First US MSO To Trade On Toronto Stock Exchange
Portfolio Pulse from Vuk Zdinjak
TerrAscend Corp. (OTCQX:TRSSF) (TSX:TSND) has started trading its common shares on the Toronto Stock Exchange under the ticker symbol 'TSND'. The company believes this will provide greater access to a broader group of investors. Additionally, TerrAscend has closed its third and final tranche of private placements, raising approximately $21 million in total.
July 05, 2023 | 12:10 pm
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POSITIVE IMPACT
TerrAscend's listing on the Toronto Stock Exchange and successful private placements could attract more investors, potentially boosting its stock price.
The listing on a new exchange often increases a company's visibility and accessibility to investors, which can lead to increased demand for its shares. Additionally, the successful closing of private placements indicates strong financial backing, which can also be a positive signal to investors.
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IMPORTANCE 80
RELEVANCE 100