New York CBD startup delays Canadian IPO on coronavirus issues

New York-based CanaFarma Hemp Products will start trading on the Canadian Securities Exchange (CSE) on Thursday.

The listing, previously scheduled for Tuesday, was delayed at the company’s request “to account for world events relating to the coronavirus pandemic, which are expected to have caused extra delay in shareholders receiving their new shares,” a statement read.

CanaFarma, known for a hemp oil-infused chewing gum called Yooforic, will trade under the symbol “CNFA,” the company said.

Founded in March 2019, CanaFarma announced in September it would execute a reverse takeover with KYC Technology, an independent reporting issuer on the CSE, with the goal of being publicly listed on the exchange.