The pivotal day was July 4. The fireworks weren’t only for the U.S. Independence Day celebrations but also for a significant event in the world of cannabis. TerrAscend (OTC:TSNDF) (TSX:TSND), a multi-state operator (MSO) doing business in Canada and the U.S., carved a new niche in cannabis history by securing a listing on the Toronto Stock Exchange (TSX), a coveted milestone for any company in the industry.
This development is a beacon in the cannabis landscape for a variety of reasons, as documented in Jeremy Berke’s “Cultivated” newsletter. The quest to “up-list” onto a major exchange has been a long-held dream for every company involved in the cultivation or sale of cannabis in the U.S. The appeal lies in the access to deeper-pocketed investors, a possibility previously hindered due to federal illegality which makes the Nasdaq and NYSE nonviable options.
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