Curaleaf Holdings Inc. Aims for Listing on the Toronto Stock Exchange

NEW YORK – Curaleaf Holdings Inc., a dominant player in the global cannabis consumer products arena, has taken a definitive step towards expanding its reach by filing an application to list its subordinate voting shares on the Toronto Stock Exchange (TSX).

This move follows the company’s recent completion of a marketed offering of its subordinate voting shares on Oct. 3, 2023. This step was essential for meeting a stipulated condition vital for a potential TSX listing.

Boris Jordan, Executive Chairman of Curaleaf, expressed his optimism on the development. “Our TSX listing application marks an exciting juncture for Curaleaf. By being part of the TSX, we anticipate unlocking enhanced access to a vast spectrum of global institutional investors. Furthermore, this move can facilitate more robust custody solutions anchored by U.S. financial institutions. We also foresee a reduction in our stock’s volatility due to the backing of dedicated market makers. Additionally, it paves the way for Curaleaf’s potential inclusion in prominent indexes like TSX and MSCI. This entire initiative mirrors our commitment to safeguarding our stakeholders’ interests,” he stated.

However, it is crucial to note that the listing of Curaleaf’s subordinate voting shares is still under the purview of the TSX. The actual listing will depend on the company meeting all of the TSX’s listing and regulatory benchmarks. At this juncture, there is no concrete guarantee that the TSX will greenlight the listing application or that Curaleaf’s listing will materialize as currently envisioned.