Very first billion-dollar organization to list on the NEO Exchange
ORONTO–(Small business WIRE)–NEO is extremely pleased to welcome Columbia Care Inc. (“Columbia Care”) as it tends to make its public industry debut now on the NEO Exchange, trading below the symbol “CCHW”. Opening its very first day of trading with a industry capitalization more than C$two billion, Columbia Care is the very first organization with an enterprise worth of more than 1 billion dollars to list on NEO. Columbia Care is amongst the biggest overall health and wellness businesses to emerge from the US cannabis sector, setting the regular of care for healthcare cannabis with its regularly-dosed, pharmaceutical-high-quality solutions.
“We are thrilled to make our public industry debut now and are hunting forward to leveraging the positive aspects afforded to us by becoming listed on the NEO Exchange as we appear to accelerate the development of our organization,” stated Nicholas Vita, Vice Chairman & CEO, Columbia Care. “We chose NEO as our listing companion due to the fact it is a senior stock exchange that each understands the complicated wants of our company and facilitates our capacity to take benefit of the unprecedented development possibilities inside the international cannabis sector. In addition, the stringent listing needs present institutional and retail investors with enhanced self-confidence and transparency. Although this is a considerable milestone for Columbia Care, our commitment to enhancing people’s wellness journey has not changed. We stay focused on our mission to resolve some of the world’s most difficult, unmet healthcare and overall health wants by way of the use of our proprietary portfolio of regularly-dosed, pharmaceutical-high-quality cannabis-primarily based medicines.”
The public debut of Columbia Care is a outcome of a qualifying transaction by Canaccord Genuity Development Corp., a Unique Objective Acquisition Corporation that completed its initial public supplying and commenced trading on NEO on September 20, 2018. The qualifying transaction was authorized by the NEO Exchange on April 26, 2019 and demonstrates how these cars can be profitable with the correct organization at the correct time, in the correct sector and on the correct exchange.
“We are extremely proud that Columbia Care, 1 of the biggest and most seasoned cultivators, makers and distributors of healthcare cannabis solutions in the US, now calls NEO residence,” added Jos Schmitt, President & CEO, NEO. “Mature, billion-dollar plus businesses drastically advantage from listing on a senior stock exchange to achieve wider access to a international investor base and make certain high-quality liquidity for their investors. NEO presents this and a lot a lot more to Columbia Care. This is an fascinating time to be partnering with a leader in the US cannabis sector as it moves into its subsequent phase and appears to raise capital on the North American public markets. Combined with the current NEO launches of two planet very first ETFs invested solely in the US cannabis sector, the listing of Columbia Care is a testament to NEO’s commitment to partnering with the ideal, subsequent generation of top, higher development businesses in the US and the hungry appetite from investors to participate in this sector.”
Investors can trade shares of Columbia Care by way of their usual investment channels, like discount brokerage platforms and complete-service dealers. The NEO Exchange is now residence to more than 70 corporate and ETF listings, and regularly facilitates more than 10 per cent of all Canadian trading volume. Click here for a comprehensive view of all NEO-listed securities.
About NEO Exchange
NEO Exchange Inc. is Canada’s subsequent generation stock exchange, placing the wants of investors, organizations hunting to raise capital and dealers very first. Fully operational considering that June 2015, the NEO Exchange presently presents an revolutionary and investor-driven trading platform for all Canadian publicly-traded securities. It also has a worth-added listing approach for capital raising businesses and investment solutions, focused on liquidity, transparency and efficiency. For a lot more details, please take a look at: NEOstockexchange.com
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