Mississauga, Ontario-based The Green Organic Dutchman Holdings has received approval to list on the Canadian Securities Exchange and is closer to down-listing its shares from the Toronto Stock Exchange.
The Toronto Stock Exchange bars its issuers from doing business in the US cannabis industry. Therefore, listing on the CSE allows The Green Organic Dutchman to pursue opportunities in that lucrative cannabis market.
“Our listing on the CSE allows the company to accelerate its plans for entry into the U.S. market. We will continue to identify partners that can leverage our organic expertise and utilize our intellectual property, while allowing for synergies to make agreements accretive in the short and long term,” CEO and interim Chief Financial Officer Sean Bovingdon said in a statement. “You wait till the end of 2022 for all the regulations to be in place (in the U.S.), the cost of entry is going to be significantly more than what it is now.”
Trading for the Green Organic Dutchman on the CSE will commence Sept. 13 after its delisting from the TSX takes effect after market close Sept. 10.