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The company behind the Apothecarium and Gage stores will be delisted from the ºÚÁϳԹÏÍø Securities Exchange on Friday.

TerrAscend's executive chairman says the move will offer the company greater access to a broader group of institutional and retail investors.

The company spent recent months acquiring a cultivation facility in Maryland, reducing expenses and working to become cash-flow positive.

Its listing comes as several ºÚÁϳԹÏÍø cannabis companies are struggling to reach profitability, and after an auditor said it had substantial doubt about the ability of Canopy Growth Corp., one of the country's largest pot brands, to continue.

This report by ºÚÁϳԹÏÍø was first published June 29, 2023.