Can The TSX Save The Cannabis Industry? What TerrAscend's Listing Could Mean
Portfolio Pulse from Javier Hasse
TerrAscend (OTC:TSNDF) (TSX:TSND), a cannabis company operating in Canada and the U.S., has secured a listing on the Toronto Stock Exchange (TSX), a significant milestone in the cannabis industry. This development could potentially attract deeper-pocketed investors, as it offers credibility, liquidity, and an additional layer of security for major investment banks and custodians. However, the company's deal structure is intricate and not easily replicable.
July 14, 2023 | 7:27 pm
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POSITIVE IMPACT
TerrAscend's listing on the TSX could potentially attract more investors, increasing liquidity and potentially boosting the stock price.
The listing on the TSX provides TerrAscend with increased credibility and liquidity, which could attract more investors and potentially boost the stock price. However, the company's deal structure is intricate and not easily replicable, which could limit the potential impact.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100