TILT Holdings (TILT) has received approval to list its common shares on the NEO Exchange.
TILT’s common shares will begin trading on the NEO on Tuesday, August 17 under the symbol TILT. The company’s common shares will also continue to trade in U.S. Dollars on the OTCQX Best Market.
TILT’s common shares are expected to be delisted from the CSE at the close of trading on Monday, August 16. No action is required from current shareholders.
“TILT made its public trading debut with the CSE in December 2018, and we are grateful for their partnership and support as well as the access and visibility they provided to our investors,” said Gary Santo, CEO of TILT Holdings.
“As we look ahead, we believe the time is right to transfer our Canadian listing to the more senior NEO Exchange given the work we have completed to improve our corporate governance and financial reporting standards. Up-listing to the NEO should improve our access to capital by attracting a stronger institutional shareholder base that will benefit from less fragmented spreads and more effective trading controls. TILT is entering its next phase of growth, and we are proud to partner with NEO.”
The NEO is home to more than 160 corporate and ETF listings and facilitates close to 15 per cent of all Canadian trading volume.
Through a portfolio of companies providing technology, hardware, cultivation and production, TILT services brands and cannabis retailers across 35 states in the U.S., as well as Canada, Israel, Mexico, South America and the European Union.
TILT’s core businesses include Jupiter Research, Commonwealth Alternative Care and Standard Farms.
TILT Holdings Inc. (TILT) opened trading on the CSE at C$0.63 per share.