Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval to uplist to the Toronto Stock Exchange (TSX).
The company expects to start trading on the TSX on May 31 and will maintain its Canadian Securities Exchange ticker symbol CWEB.
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.