Newstrike Graduates to Tier 1 Listing on the TSX Venture Hopefully we see the full TSX Listing here sooner than later and yes, that will bring in a whole new group of investors.
TORONTO, Sept. 11, 2018 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company"), is pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the "TSXV").
"Advancing to a Tier 1 listing on the TSXV reflects Newstrike's continued progress and development as a company with Canada's legalized adult-use cannabis market fast approaching," said Jay Wilgar, Chief Executive Officer and Chairman of Newstrike. "We're excited to reach this listing milestone and we look forward to others as we execute our strategy to build Up Cannabis as a premier adult-use cannabis brand across Canada."
The TSXV classifies issuers into different tiers based on standards including historical financial performance, stage of development and financial resources. Tier 1 is the TSXV's premier tier and is reserved for the TSXV's most advanced issuers.