CBD maker Charlotte’s Net to start out buying and selling on Canada’s prime inventory trade

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Charlotte’s Net, a Boulder, Colorado-based CBD producer, stated Wednesday it acquired approval to uplist to the Toronto Inventory Alternate (TSX).

The corporate expects to start out buying and selling on the TSX on Might 31 and can keep its Canadian Securities Alternate ticker image CWEB.

The transfer to the TSX – the world’s ninth-largest trade by way of market capitalization – will permit Charlotte’s Net publicity to a wider capital-markets viewers and certain appeal to elevated numbers of institutional buyers, the corporate stated.

The corporate on Tuesday reported quarterly revenues of $21.7 million for the three months ended March 31, 2019, and internet earnings of $2.three million.

Extra particulars on the corporate’s transfer to the TSX will be discovered right here.

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