Business
Westleaf Inc. Announces Graduation to Tier 1 on the TSX Venture Exchange
Westleaf Inc. Announces Graduation to Tier 1 on the TSX Venture Exchange Canada Ne...
About this update from Decibel Cannabis Company Inc
[{"type":"text","content":"\n\n\n\nWestleaf Inc. Announces Graduation to Tier 1 on the TSX Venture Exchange\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, June 11, 2019\n\n\n\nCALGARY, June 11, 2019 /CNW/ - Westleaf Inc. (TSX-V: WL) (OTCQB:WSLFF),  (\"Westleaf\"), is pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the \"TSXV\"). \n\n \n \n\n \n\"Graduating to a Tier 1 listing on the TSXV reflects the ongoing progress of Westleaf as we continue the development of our vertically integrated cannabis company engaged in retail operations, cultivation, production and extraction of cannabis products\" said Scott Hurd, Chief Executive Officer of Westleaf. \"We see the graduation to Tier 1 issuer status as another positive step and acknowledgement we are executing on our business strategy to create a premium cannabis company.\" \nThe TSXV classifies issuers into different tiers based on standards including historical financial performance, stage of development and financial resources. Tier 1 is the TSXV's premier tier and is reserved for the TSXV's most advanced issuers. Tier 1 issuers benefit from decreased filing requirements and improved service standards. \nWith the graduation to a Tier 1 listing, the common shares of Westleaf (\"Westleaf Shares\") previously deposited into escrow pursuant to the rules of the TSXV will now be governed by the release provisions of Tier 1 issuer escrow and as a result a certain number of such Westleaf Shares will be eligible for release from escrow immediately. As announced by Westleaf on April 30, 2019, in addition to any escrow requirements imposed by the TSXV, each of the executive officers and directors of Westleaf has voluntarily committed to not offer, sell, assign, transfer or otherwise dispose of their Westleaf Shares or any securities convertible into Westleaf Shares until September 29, 2019. \nAbout Westleaf Inc.\nWestleaf is a vertically integrated cannabis company focused on innovative retail experiences and engaging cannabis brands as wel...