Cannabis-Oriented SPAC Choice Consolidation Upgrades To OTCQX Best Market
Choice Consolidation Corp. (NEO: CDXX) (OTCQX:CDXXF), a cannabis-focused special purpose acquisition company (SPAC), has qualified to trade on the OTCQX Best Market.
The New York company upgraded to OTCQX from the Pink market and began trading on Monday under the symbol “CDXXF,” according to Markets Group Inc.‘s (OTCQX:OTCM) latest announcement.
“Since completing our capital raise in February, we’ve reviewed numerous opportunities in the cannabis space to deploy the $172.5 million we raised,” Joseph Caltabiano, CEO of Choice Consolidation said. “We believe upgrading to the OTCQX Marketplace will benefit our shareholders and improve liquidity of our stock.”
The company also confirmed that Dickinson Wright PLLC agreed to serve as its OTCQX sponsor.
Choice Consolidation was last to join its industry peers that trade on the OTCQX, following vertically integrated cannabis company Ascend Wellness Holdings, Inc. (CSE:AAWH) (OTCQX:AAWH), which debuted on the market last month under the new symbol “AAWH,” alongside Cansortium Inc. (CSE:TIUM) (OTCQX:CNTMF).
About the Author: News Team
Related Posts
Latest News
Reunion Neuroscience to be Acquired by MPM BioImpact in $13.1 Million All-Cash Deal
LOS ANGELES-- Reunion Neuroscience Inc. a clinical-stage biopharmaceutical company specializing in innovative therapies for underserved mental health conditions, has announced a definitive arrangement agreement with MPM BioImpact, a leading biotechnology investment firm. Under the agreement, ...
California’s Regulated Cannabis Market Sees Decline in Sales and Tax Revenue in Q1 2023
LOS ANGELES-- California's hopes of increased consumer participation in the regulated cannabis market did not translate into a boost in licensed retail sales or state tax revenue during the first quarter of 2023. According to ...
C21 Investments Repays $30 Million Debt to CEO Sonny Newman
LOS ANGELES-- C21 Investments Inc., a vertically integrated cannabis company, announced today the successful completion of the full repayment of its $30 million senior secured note owed to Sonny Newman, the Company's President and Chief ...
