Theralase Technologies Inc. V.TLT

Alternate Symbol(s): TLTFF

Healthcare Medical Devices

Theralase Technologies Inc. is a Canada-based clinical-stage pharmaceutical company. The Company is engaged in the research and development of light activated compounds and their associated drug formulations. The Company operates through two divisions: Anti-Cancer Therapy (ACT) and Cool Laser Therapy (CLT). The Anti-Cancer Therapy division develops patented, and patent pending drugs, called Photo Dynamic Compounds (PDCs) and activates them with patent pending laser technology to destroy specifically targeted cancers, bacteria and viruses. The CLT division is responsible for the Company’s medical laser business. The Cool Laser Therapy division designs, develops, manufactures and markets super-pulsed laser technology indicated for the healing of chronic knee pain. The technology has been used off-label for healing numerous nerve, muscle and joint conditions. The Company develops products both internally and using the assistance of specialist external resources.

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Theralase Technologies Inc.

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Post by 99942Apophison Nov 22, 2021 6:25pm

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Post# 34154837

Research & Development

TSX – Industrial & Technology Companies Listing Requirements

Requirements	Profitable Companies	Companies Forecasting Profitability	Technology Companies	Research & Development Companies
Pre-Tax Income Last Year	C$200,000	C$200,000	N/A (Evidence for current or next fiscal year only)	N/A
Pre-Tax Cash Flow Last Year	C$500,000 in fiscal year immediately prior to filing application	C$500,000 (Evidence for current or next fiscal year)	N/A	N/A
Minimum Operating History	One Year	N/A	Advanced stage development or commercialization of product/services	Two years of R&D expenditures
Net Tangible Assets	C$2,000,000	C$7,500,000	N/A	N/A
# of Public Board Lot Holders	300	300	300	300
Minimum Free Trading Public Float	1,000,000	1,000,000	1,000,000	1,000,000
Value of Free Trading Public Float	C$4,000,000	C$4,000,000	C$10,000,000	C$4,000,000
Market value of Issued Securities to be Listed	N/A	N/A	C$50,000,000	N/A
Minimum Cash in Treasury	N/A	N/A	C$10,000,000	C$12,000,000
Minimum Additional Working Capital	Adequate given business	Adequate given business	One year coverage	Two years coverage
Sponsorship Required	No	Yes⁽¹⁾	Yes	Yes

TSX – Industrial & Technology Companies Listing Requirements

Requirements				Research & Development Companies
Pre-Tax Income Last Year				N/A
Pre-Tax Cash Flow Last Year				N/A
Minimum Operating History				Two years of R&D expenditures
Net Tangible Assets				N/A
# of Public Board Lot Holders				300
Minimum Free Trading Public Float				1,000,000
Value of Free Trading Public Float				C$4,000,000
Market value of Issued Securities to be Listed				N/A
Minimum Cash in Treasury				C$12,000,000
Minimum Additional Working Capital				Two years coverage
Sponsorship Required				Yes