Charlottes Webb Holdings, Inc., a leading company in CBD extract products, issued a press release concerning conditional approval for the listing of its company’s Common Shares on the Toronto Stock Exchange.
The shares are scheduled to start trading on the exchange on Friday, May 31, 2019. Upon being listed, the shares will trade under the “CWEB” symbol and will also be delisted from the Canadian Securities Exchange. According to Joel Stanley, the Chairman and Co-Founder of Charlotte’s Web,
“As the market leader in hemp CBD extract products, we are very proud to be the first US-based hemp company to receive a senior listing on a major exchange such as the TSX. The TSX is Canada's most senior exchange and a tremendous validator of our company's corporate governance and evolution. Moreover, it represents a milestone for the overall industry from a legal and regulatory perspective. We are grateful for the support that we have received from the Canadian capital markets and equally grateful to our hardworking team in Colorado and across the country.”
The company is also planning a market opening ceremony on June 3, 2019, according to the press release. Those who are interested in viewing the ceremony online in real-time can do so in the link present in the press release.