Jack Nathan Medical Corp (CVE:JNH) (OTCQB:JNHMF) said it has met the requirements and effective at market open on May 19 it will move to Tier 1 status from Tier 2 on the TSX Venture Exchange (TSXV).
The TSXV classifies issuers into different tiers based on certain standards including historical financial performance, stage of development and financial resources, with Tier 1 being the premier tier and reserved for the TSXV's most advanced issuers with the most significant financial resources.
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“Our graduation to a Tier 1 listing is yet another milestone for us and a signal to the market of how far we have come since our qualifying transaction in October 2020,” Jack Nathan’s chairman and chief executive George Barakat said in a statement.
“As we accelerate our operational growth plans this year it is important for us to remain committed to ensuring our visibility as a publicly traded company continues to enhance. We believe this upgrade will provide us with greater access to investors and generate additional awareness,” he added.
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