the The new upper tier of the Canadian Stock Exchange (CSE) It can offer US cannabis companies lower capital costs and a broader investor base.
39 of the 108 companies that will graduate to the new level starting in May are cannabis companies, according to the Globe and Mail.
“The ultimate goal of the exercise here is to ensure that large companies have a lower cost of capital,” Richard Carlton, chief executive of CSE, told The Globe and Mail.
“Just as it is the case for a lower cost of capital for companies listed on the Toronto Stock Exchange than for companies listed on TSX Venture, we track very carefully whether companies in our top tier are actually rewarded with a lower cost of capital versus companies in the regular CSE market. “.
Senior class members will be included in Canadian Investment Regulatory Organization
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