The Kelowna-based company will graduate from the TSX Venture Exchange, a key landmark in the life of a junior publicly-listed company.
The move comes after the cannabis firm posted a record financial performance in 2019 and became the largest white label product development, manufacturing and third-party extraction firm in Canada.
READ: The Valens Company posts record financial performance as it significantly scales up operations
"Graduating to the TSX represents a significant milestone in our efforts to broaden our appeal to a larger shareholder base and raise the company's profile among the investment community," said Tyler Robson, CEO of The Valens Company in a statement.
"Coming off a record year of growth for the company, this uplisting will work to enhance the liquidity of our stock and enable us to continue building long-term shareholder value."
Final approval of the listing is subject to the company fulfilling any remaining conditions as required by the TSX, Valens said. The firm expects to meet any requirements once a trading date is confirmed.
Valens shares and warrants will delist from the Venture Exchange and trade on the main board under the symbols ‘VLNS’ and ‘VLNS.WT.’ Over the counter shares will continue to trade on the OTCQX under the symbol ‘VLNCF.’
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