Subscribe
Be the first with the news that moves the market- Valens GroWorks (TSXV:VLNS) has received conditional approval to uplist from the TSX Venture Exchange to the Toronto Stock Exchange
- The company has had a record year of growth, which it plans to build upon with this milestone move
- Final approval of the uplisting is subject to Valens fulfilling remaining conditions required by the TSX
- Upon delisting from the TSXV, Valens will trade on the TSX under the codes VLNS and VLNS.WT
- Valens’ share price is up 9.01 per cent, and is currently trading for $2.54 per share
Valens GroWorks (TSXV:VLNS) is all grown up now, and graduating from the TSX Venture Exchange to the Toronto Stock Exchange.
The cannabis company has received conditional approval from the TSX, allowing it to uplist from its current listing on the TSXV.
As the name suggests, Valens gaining the final approval to uplist is subject to the company meeting any remaining conditions required by the TSX. The company did not specify what these conditions were, but said that it expects to satisfy all requirements.
CEO of The Valens Company, Tyler Robson, commented on the exciting development.
“Graduating to the TSX represents a significant milestone in our efforts to broaden our appeal to a larger shareholder base, and raise the company’s profile among the investment community.
Coming off a record year of growth for the company, this uplisting will work to enhance the liquidity of our stock. It will also enable us to continue building long-term shareholder value,” Tyler said.
After Valens GroWorks satisfies all of the TSX’s remaining conditions, the TSX will confirm an official trading date. Valens will issue a statement when the confirmation occurs.
Upon completion of all final listing requirements, Valens’ common shares and warrants will be delisted from the TSX Venture Exchange (TSXV). They will then begin trading on the Toronto Stock Exchange (TSX) under the codes VLNS and VLNS.WT.
The company’s share will continue trading to on the OTCQX market as usual, under the codes VLNCF.
Valens’ share price is up 9.01 per cent, and trading for $2.54 per share, as of 11:34am EST.
