SynBiotic SE Plans Canadian Cross-Listing
12 October 2021 - 8:56PM
Business Wire
The cannabis company SynBiotic SE (ISIN: DE000A2LQ777 / WKN:
A2LQ77), already listed on the Frankfurt and Düsseldorf stock
exchanges, is now to be listed on the Canadian NEO Exchange in
Toronto - a new FinTech stock exchange that has been
revolutionizing the market since 2014, offering modern services
across the capital market. The Board of Directors and the Managing
Director have announced passing a corresponding resolution.
Lars Müller, CEO of SynBiotic SE, explains: "Canada is
the flagship country when it comes to the cannabis industry. The
sector there is particularly well developed, with a number of
listed companies and billions in market capitalization. Above all,
having our own Canadian listing makes it easier for us to gain
access to specialized investors. In the Canadian capital market, we
also ensure ourselves of a completely different degree of attention
to and understanding of our issue - and can thus better exploit the
opportunities to access capital."
All of this would be facilitated by the platform company being
in the midst of its peer group on the new NEO Exchange. With the
Canadian top dogs Tilray, Canopy Growth or the Cronos Group, a
vastly improved comparability to that enjoyed in Europe would
follow. Müller continues: "Analysts, market observers and investors
will look at us with different eyes - but so will the Canadian
competition. Because at the latest, when they further expand into
Europe, they will be on the lookout for cooperation partners.
Therefore, our envisaged move to go public on the NEO Exchange is
also a strategic step."
About SynBiotic SE
SynBiotic SE is the first German listed cannabis company to
pursue an EU-focused buy-and-build investment approach. The core
business of the platform company is the research and development of
new cannabinoid and terpene-based solutions to major social
problems such as pain, sleep-disorders and anxiety. In addition,
the platform deals with the production of various cannabinoids and
develops and distributes pharmaceutical and dietary supplements as
well as cosmetic products under its own brands.
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version on businesswire.com: https://www.businesswire.com/news/home/20211012005520/en/
Johannes Fontner +49 7522 2674910 johannes.f@synbiotic.com
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