Tetra Bio-Pharma Inc. (“Tetra” or the “Company”) (TSXV:TBP) (OTCQB:TBPMF), a leader in cannabinoid-derived drug discovery and development, is pleased to announce it has received conditional approval from the Toronto Stock Exchange (the “TSX”) to graduate from the TSX Venture Exchange (“TSX-V”) and list its common shares (“Shares”) and its warrants (“Warrants”) on the TSX, subject to satisfying certain standard listing requirements.
“Graduating to the TSX represents a significant milestone in our efforts to broaden our reach to a larger shareholder base and raise the company’s profile among the investment community,” said Guy Chamberland, CEO of Tetra. “On behalf of the board of directors, I thank the entire Tetra team for their dedication and hard work and to our stakeholders and shareholders for their support. We are looking forward to this new chapter.”
Final approval of the listing on the TSX is subject to the Corporation meeting certain standard requirements of the TSX on or before October 6, 2020. The Corporation expects that it will be able to satisfy all requirements to list its Shares and intends to take all commercially reasonable efforts to satisfy all requirements to list its Warrants on TSX and will make a further announcement once the TSX issues a bulletin confirming the date on which trading of its Shares and Warrants, if such Warrants satisfy the requirements, will commence trading on the TSX. Upon receipt of final TSX approval, the Corporation’s Shares and Warrants will be voluntarily delisted from the TSX-V and the Shares and Warrants will commence trading on the TSX under the symbol “TBP”, “TBP.WT”, “TBP.WT.A” and “TBP.WT.B”. The Shares will continue to trade on the OTCQB market under the symbol “TBPMF”.
About Tetra Bio-Pharma
Tetra Bio-Pharma (TSXV:TBP) (OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and development with a Health Canada approved, and FDA reviewed and approved, clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. The Company has several subsidiaries engaged in the development of an advanced and growing pipeline of Bio Pharmaceuticals, Natural Health and Veterinary Products containing cannabis and other medicinal plant-based elements. With patients at the core of what we do, Tetra Bio-Pharma is focused on providing rigorous scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies.
For more information visit: www.tetrabiopharma.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research and development strategies, including the success of this product or any other product, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.