Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval to uplist to the Toronto Stock Exchange (TSX).
The move to the TSX – the world’s ninth-largest exchange in terms of market capitalization – will allow Charlotte’s Web exposure to a wider capital-markets audience and likely attract increased numbers of institutional investors, the company said.
The company on Tuesday reported quarterly revenues of $21.7 million for the three months ended March 31, 2019, and net income of $2.3 million.
More details on the company’s move to the TSX can be found here.
For more analysis and in-depth looks at the investment trends and deals driving the cannabis industry forward, sign up for our new premium subscription service, Investor Intelligence.