Cannabis firm Village Farms delisting from TSX, will remain on Nasdaq

#North #American produce and cannabis company Village #Farms #International is voluntarily delisting its shares from the #Toronto #Stock Exchange, the company said.

Village Farms will retain its #US share listing on the #Nasdaq #Capital #Market, where its shares have traded since #2019. The company “believes the trading #volume of its common shares on the #TSX no longer justifies the #expense and administrative requirements associated with maintaining a TSX listing,”.

Additionally, the company said it believes the Nasdaq listing offers enough #liquidity for #shareholders and that the cost savings from the delisting “can be redirected to initiatives intended to generate shareholder value.” The shares will stop trading on the TSX on Dec. 31.

Village Farms owns a profitable #British #Columbia-based cannabis subsidiary, Pure #Sunfarms, and recently bought a majority stake in a #Quebec-based cannabis producer and #distributor. In #August, Village Farms acquired #Colorado #CBD company Balanced #Health #Botanicals. Village Farm’s shares trade on the Nasdaq exchange as VFF.

Distributed by: Cannabis Broadcast Station/ Infinity Broadcast Network
http://www.cannabisbroadcaststation.com

@cannabisbroadcaststaion
#cannabisnews #news

William Bradley

William Bradley

Editor and webmaster.

Leave a Reply