TGOD Announces Update on Listing Application on the CSE and Voluntary Delisting from the TSX
TORONTO-– The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US-OTCQX: TGODF), a producer of certified organically grown cannabis, announces today that the Company has received final approval from the Canadian Securities Exchange to list its common shares and listed Common Share purchase warrants on the CSE.
As previously noted, pursuant to Part VII, Section 720 of the Toronto Stock Exchange Company Manual, the Company will voluntarily delist from the TSX its Common Shares and Warrants and has received approval from the TSX to do so.
No action is required on the part of holders of the Common Shares and Warrants in respect of the Listing and the Delisting. The Corporation will continue to trade under the symbol “TGOD” on the CSE.
The Delisting of the Common Shares and Warrants from the TSX will take effect at the close of business on September 10, 2021, and the Listing of the Common Shares and Warrants on the CSE will take effect on September 13, 2021, to ensure, to the extent possible, continued, and seamless trading liquidity for holders of Common Shares and Warrants.
The ownership of the Common Shares and Warrants will not be affected by the Delisting, and holders of the Common Shares and Warrants will maintain their existing rights under applicable corporate law and the Company’s constating documents. Trading of the Common Shares on the OTCQX Best Market will be unaffected by the Delisting and the Listing.
“The conclusion of this process is an important milestone in the path forward for the Company. Our listing on the CSE allows the Company to accelerate its plans for entry into the U.S. market. We look forward to sharing our plans with investors as the opportunities advance,” said Sean Bovingdon, Chief Executive Officer, and Interim Chief Financial Officer of TGOD. “We will continue to identify partners that can leverage our organic expertise and utilize our intellectual property, while allowing for synergies to make agreements accretive in the short and long term.”
(This information is primarily sourced from The Green Organic Dutchman Holdings Ltd. Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).
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