Listing allows Trichome Financial to
commence lending to U.S. cannabis sector
Trading
on CSE to begin December 16, 2019
under ticker symbol TFC
TORONTO, Dec. 12, 2019 /CNW/ - Trichome Financial Corp.
(the "Company" or "Trichome Financial") (TSXV:TFC) is
pleased to announce it has received final approval to list its
common shares on the Canadian Securities Exchange (the
"CSE"). Listing on the CSE, together with concurrent delisting
from the TSX Venture Exchange, will allow the Company to begin
lending to the cannabis sector in the
United States.
"Expanding our addressable market to the United States is a natural next step for
Trichome Financial and has been a part of our strategy since day
one. Our founders and management team have unique experience across
the North American cannabis market and we will now have a much
larger pool of opportunities to deploy capital," said Michael Ruscetta, Chief Executive Officer.
No specific loan into the U.S. cannabis market is currently
pending. The Company is now evaluating opportunities in
Canada, the United States, and other jurisdictions. No
loan to any company operating in the
United States cannabis market has been or will be made while
the Company's common shares trade on the TSX Venture Exchange.
CSE listing details
In accordance with the requirements of listing on the CSE,
Trichome Financial filed a Listing Statement on December 2, 2019 which is available on
sedar.com.
The Company's common shares will continue to trade under the
ticker "TFC" and no action is required by current shareholders to
trade their shares on the CSE.
Delisting of Trichome Financial's common shares has been
accepted by the TSX Venture Exchange and will be effective
December 13, 2019 after market
close.
About Trichome Financial Corp.
Trichome Financial is a specialty finance company focused on
providing flexible and creative credit solutions to the global
legal cannabis market. Trichome Financial was created to address
the lack of credit availability in the large, growing and
increasingly complex cannabis market. Founded by industry leaders
Origin House and Stoic Advisory, Trichome Financial's experienced
management team has a unique edge to capitalize on proprietary deal
flow and industry insight while developing a first mover advantage
as a global cannabis focused specialty finance company. Trichome
Financial provides customized financing solutions across the
industry value chain to support growth, capital expenditures,
mergers, acquisitions, working capital and other needs.
Leveraging the combined resources and knowledge of its founders, it
is able to offer significant value-added financial, product, market
and operational support to its partner companies. Trichome
Financial's current assets are all based in Canada and it currently has no operations or
assets in the United States.
For further information about Trichome Financial please visit us
at www.trichomefinancial.com or @trichomefinance on Twitter and
refer to the joint information circular of Trichome Financial and
22 Capital dated May 29, 2019 which
is available on the Company's SEDAR profile at www.sedar.com.
READER ADVISORY
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this press
release.
This news release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as "expects", or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or
"intends" or variations of such words and phrases or stating that
certain actions, events or results "may" or "could", "would",
"might" or "will" be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements. In this news release, forward-looking statements relate
to, among other things: any lending or other activities into
the United States, the
commencement of trading of the common shares on the CSE, and the
delisting of the common shares from the TSX Venture Exchange.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and
social uncertainties; any developments in the U.S. cannabis market;
and the delay or failure to receive board, shareholder or
regulatory approvals. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
the forward-looking statements and information contained in this
news release. Except as required by law, Trichome Financial assumes
no obligation to update the forward-looking statements of beliefs,
opinions, projections, or other factors, should they
change.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described
herein. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws and may
not be offered or sold within the United
States or to United States Persons unless registered under
the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
SOURCE Trichome Financial Corp.
