Neptune Wellness Solutions Inc. said that it has chosen to delist from the Toronto Stock Exchange and stay exclusively on the Nasdaq, cutting the expense of maintaining a dual listing.
The Quebec-based diversified wellness company said that the trading volume of its shares on the Canadian exchange no longer justifies the expense.
It said that its Nasdaq listing provides shareholders with enough liquidity, and that the cost-savings from delisting from the TSX can be rerouted to advancing the business.
The delisting is expected to take place at the end of trading on Aug. 15.