TORONTO – Trichome Financial Corp. (the “Company” or “Trichome Financial”) (TSXV:TFC) has received final approval to list its common shares on the Canadian Securities Exchange (the “CSE”). Listing on the CSE, together with concurrent delisting from the TSX Venture Exchange, will allow the Company to begin lending to the cannabis sector in the United States.
“Expanding our addressable market to the United States is a natural next step for Trichome Financial and has been a part of our strategy since day one. Our founders and management team have unique experience across the North American cannabis market and we will now have a much larger pool of opportunities to deploy capital,” said Michael Ruscetta, Chief Executive Officer.
No specific loan into the U.S. cannabis market is currently pending. The Company is now evaluating opportunities in Canada, the United States, and other jurisdictions. No loan to any company operating in the United States cannabis market has been or will be made while the Company’s common shares trade on the TSX Venture Exchange.
CSE listing details.
In accordance with the requirements of listing on the CSE, Trichome Financial filed a Listing Statement on December 2, 2019 which is available on sedar.com.
The Company’s common shares will continue to trade under the ticker “TFC” and no action is required by current shareholders to trade their shares on the CSE.
Delisting of Trichome Financial’s common shares has been accepted by the TSX Venture Exchange and will be effective December 13, 2019 after market close.
About Trichome Financial Corp.
Trichome Financial is a specialty finance company focused on providing flexible and creative credit solutions to the global legal cannabis market. Trichome Financial was created to address the lack of credit availability in the large, growing and increasingly complex cannabis market. Founded by industry leaders Origin House and Stoic Advisory, Trichome Financial’s experienced management team has a unique edge to capitalize on proprietary deal flow and industry insight while developing a first mover advantage as a global cannabis focused specialty finance company. Trichome Financial provides customized financing solutions across the industry value chain to support growth, capital expenditures, mergers, acquisitions, working capital and other needs. Leveraging the combined resources and knowledge of its founders, it is able to offer significant value-added financial, product, market and operational support to its partner companies. Trichome Financial’s current assets are all based in Canada and it currently has no operations or assets in the United States.