CBD maker Charlotte’s Web to begin trading on Toronto Stock Exchange

Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval to uplist to the Toronto Stock Exchange (TSX).

The company expects to start trading on the TSX on May 31 and will maintain its Canadian Securities Exchange ticker CWEB.

The move to the TSX – the world’s ninth-largest exchange in terms of market capitalization – will grant Charlotte’s Web exposure to a wider capital-markets audience and likely attract increased numbers of institutional investors, the company said.

The company on Tuesday reported quarterly revenues of $21.7 million for the three months ended Mar. 31, 2019, and net income of $2.3 million.

More details on the company’s move to the TSX can be found here.

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