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Curaleaf’s Strategic Move To Attract Deeper-Pocketed Investors, Internal Reorganization Sets Stage For TSX Listing

By Jelena Martinovic
December 11, 4:18 PM
Curaleaf Holdings, Inc. announced an internal reorganization of its U.S. operations, related to receiving a conditional approval of the Toronto Stock Exchange to list the company's subordinate voting shares on the TSX. The company's wholly-owned subsidiary entered into a subscription agreement with a third-party investor that is not affiliated with the company, Curaleaf USA, or the control person of the company, under which Curaleaf USA issued to the investor one share of Class A voting and non-participating common stock, for an aggregate subscription amount of $1 million. Curaleaf's uplisting to TSX means gaining access to deeper-pocketed investors, a possibility previously hindered due to U.S. federal illegality, which makes the Nasdaq and NYSE nonviable options. Moreover, Curaleaf will join multi-state operator TerrAscend Corp., which is doing business in Canada and the US - and has already secured a listing on TSX this summer.

CSE:CURA

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Cannabis Chart Of The Week: Who Are The Strongest MSO Credits And How Are They Trending?

By Viridian Capital Advisors
December 11, 3:02 PM
The Viridian Credit Tracker model is a valuable tool for investors and companies alike to gauge the credit quality of cannabis companies. The model utilizes 11 market-based and financial statement-based variables to measure four critical attributes of credit quality: Liquidity, Leverage, Profitability, and Size.

MRMD

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Tier 2 Cannabis Companies: Viridian Capital Advisors Analysis Reveals ‘Attractive’ Valuations For Public Companies

By Joana Scopel
December 8, 6:36 PM
In a comprehensive report by Viridian Capital Advisors, the spotlight is on the valuations of companies within the U.S. cultivation and retail sector, specifically those boasting market caps ranging from $100 million to $500 million —commonly referred to as ‘Tier 2’ enterprises.

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