Business
Hempalta Corp. to Celebrate Public Listing by Ringing Opening Bell for the TSX Venture Exchange on March 22, 2024
Calgary, Alberta--(Newsfile Corp. - March 21, 2024) - Hempalta Corp. (TSXV: HEMP) (" HEMPALTA "...
About this update from Next Phase Ventures Limited
[{"type":"text","content":"Hempalta Corp. to Celebrate Public Listing by Ringing Opening Bell for the TSX Venture Exchange on March 22, 2024Calgary, Alberta--(Newsfile Corp. - March 21, 2024) - Hempalta Corp. (TSXV: HEMP) (\"HEMPALTA\" or the \"Company\"), an agricultural technology company focused on producing commercial and consumer products derived from industrial hemp, is set to ring the opening bell at the TSX Venture Exchange (\"TSXV\") in Toronto tomorrow - Friday, March 22, 2024 - to recognize its successful listing and completion of the qualifying transaction. In connection with the opening bell, the common shares of HEMPALTA will trade under the symbol \"HEMP.\"\"We can hardly contain our enthusiasm as we gear up to mark a monumental occasion: our public debut on the TSX Venture Exchange, complete with the exhilarating ringing of the bell at market open on Friday,\" said Darren Bondar, President and CEO of HEMPALTA. \"This milestone stands as a testament to the unwavering commitment and tireless efforts of our exceptional team, as we proudly elevate the HEMPALTA brand onto the global stage.\"A live webcast of the event is expected to be available on Friday, March 22 just before 9:30am ET on BNN Bloomberg and on YouTube at the link here.Market Liquidity Program HEMPALTA also announces the retention of Velocity Trade Capital Ltd. (\"Velocity Trade\") to provide market liquidity services, in compliance with the policies and guidelines of the TSXV, and other applicable regulations.Pursuant to the terms of the agreement with Velocity Trade, Velocity Trade will manage trading of the Company's securities listed on the TSXV from time to time for the purposes of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the Company's securities. The funding and securities required for these services undertaken will be provided by Velocity Trade. The agreement with Velocity Trade will begin March 22, 2024 and has an initial term of two months with subsequent monthly renewals until terminated by either party. Velocity Trade will receive a cash fee of $5,000 per month. There are no performance factors contained in the agreement between Velocity Trade and HEMPALTA, and Velocity Trade will not receive any shares or options from HEMPALTA as compensation for services it will render. None of Velocity Trade nor its af...