• New Leaf Ventures (NLV) is consolidating its common shares on a ratio of one new post-consolidated common share for every five old pre-consolidated common shares
  • Following the consolidation, a total of 12,554,023 shares will be issued and outstanding
  • New Leaf Ventures is a licensed producer and processor of ultra-premium cannabis
  • Shares in New Leaf Ventures (NLV) opened trading at C$0.06

New Leaf Ventures (NLV) has announced plans to consolidate its common shares.

The company’s shares will be consolidated on a ratio of one new post-consolidated common share for every five old pre-consolidated common shares.

The company currently has 62,770,115 issued and outstanding common shares. Following the consolidation, a total of 12,554,023 shares will be issued and outstanding.

The company’s name and trading symbol will remain the same. 

New Leaf Ventures is a licensed producer and processor of ultra-premium cannabis. The company’s flagship enterprise is New Leaf USA and its subsidiaries.

Shares in New Leaf Ventures (NLV) opened trading at C$0.06.


More From The Market Online

Tilray Brands seeks US$250M for U.S. cannabis expansion

Global cannabis stock Tilray Brands (TSX:TLRY) intends to raise up to US$250 million to fund its U.S. expansion plan.

The Market Online’s Weekly Cannabis Report – May 17, 2024

This international biopharmaceutical company revealed it has completed the retrospective observational real-world evidence study.

Avicanna finishes study of CBD cream’s use for rare skin disorder

Avicanna (TSX:AVCN) completes an observational study of its RHO Phyto-branded Ultra CBD topical cream on patients with epidermolysis bullosa.