GREY:XEBEQ - Post by User
Post by
Tan4646on Dec 14, 2021 9:48am
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Post# 34228409
vff to delist from - TSX bec of lack of volume
vff to delist from - TSX bec of lack of volume Could this be a sign of things to come for other companies like XBC.. Is this CDN market becoming irrelevant?
VANCOUVER, BC, Dec. 14, 2021 /CNW/ - Village Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ: VFF) (TSX: VFF) today announced that it has applied and received approval for a voluntary delisting of its common shares from the Toronto Stock Exchange ("TSX").
With Village Farms' common shares being listed on the Nasdaq Capital Market ("Nasdaq") since February 2019, the Company believes the trading volume of its common shares on the TSX no longer justifies the expense and administrative requirements associated with maintaining a TSX listing. The Company also believes Nasdaq provides its shareholders with sufficient liquidity, and the cost savings from the elimination of TSX listing fees and associated professional fees, as well as the savings in time and effort of management required to maintain a dual listing, can be redirected to initiatives intended to generate shareholder value.