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TerrAscend Corp. (TSX:TSND) (OTCQX:TRSSF) has raised $21 million in equity and senior unsecured convertible debentures and listed on the Toronto Stock Exchange, freeing it from U.S. regulatory constraints. The company's stock now trades under the ticker symbol 'TSND'. The listing has given TerrAscend access to more institutional capital and investors. Morgan Stanley has also removed all restrictions from the stock. TerrAscend's Q1 results reported a 42.8% YoY increase in revenue and a positive free cash flow of $5.9 million.
August 23, 2023 | 7:44 pm
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POSITIVE IMPACT
TerrAscend's listing on the Toronto Stock Exchange and the removal of restrictions by Morgan Stanley could potentially attract more investors, positively impacting the stock price.
The listing on the Toronto Stock Exchange and the removal of restrictions by Morgan Stanley increases TerrAscend's visibility and accessibility to investors. This could lead to increased demand for the stock, potentially driving up the price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TerrAscend's listing on the Toronto Stock Exchange could attract more institutional capital and investors, potentially leading to a positive impact on the stock price.
The listing on the Toronto Stock Exchange increases TerrAscend's visibility and accessibility to investors. This could lead to increased demand for the stock, potentially driving up the price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100