The Canadian Securities Exchange’s (CSE) new senior tier could offer U.S. cannabis companies lower capital costs and a broader investor base.
Thirty-nine of the 108 companies that will graduate to the new tier starting in May are cannabis businesses, according to the Globe and Mail.
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“The ultimate object of the exercise here is to ensure that senior companies receive a lower cost of capital,” CSE chief executive Richard Carleton told the Globe and Mail.
“Just as it is a lower cost of capital for companies listed on the Toronto Stock Exchange than it is for companies listed on the TSX Venture, we will be tracking very carefully whether companies on our senior tier are in fact rewarded with a lower cost of capital versus companies that are on the regular CSE market.”
Senior tier members will be included on the Investment Regulatory Organization of Canada’s
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