TORONTO--(BUSINESS WIRE)--The NEO Exchange (“NEO”) is pleased to announce that Cannabis Strategies Acquisition Corp. (“Cannabis Strategies”) received final approval to list its shares on NEO and will begin trading today under the symbol CSA.UN. Cannabis Strategies, a newly organized special purpose acquisition corporation, completed its initial public offering of USD $125,000,000. The corporation intends to make an acquisition of one or more businesses or assets that focus on marijuana manufacturing and/or distribution.

“In the coming months, Cannabis Strategies intends to complete one or more acquisitions in the cannabis sector,” stated Jonathan Sandelman, CEO, Cannabis Strategies Corp. “We raised capital to do so and chose NEO as our listing venue first and foremost because of their streamlined, disclosure-based approach to listings. It was important for us to select an exchange partner with whom we know exactly where we stand as a company looking to enter the cannabis sector. We get that from NEO. We both represent something new and different in the market and we are very pleased to have found a partner who has an exceptional focus on understanding and helping companies seeking to go public. Their service has been impeccable and we look forward to strengthening our relationship in the future.”

“We are very happy today to welcome Cannabis Strategies on NEO,” stated Jos Schmitt, President and CEO, NEO Exchange. “This is the first ever special purpose acquisition corporation focused on the cannabis sector. By listing with us, they can leverage many of the benefits that make our exchange a better choice. Our investor communication services and our streamlined disclosure-based listing model exemplify our unwavering dedication to meeting the needs of public companies and investors. We look forward to watching Cannabis Strategies flourish in the coming months and years as they utilize the capital raised on NEO for strategic acquisitions. The cannabis sector is expected to be one of Canada’s growth sectors for 2018 and we are excited to be on the frontlines of this development.”

About NEO Exchange

NEO Exchange is a new Canadian stock exchange using a bold new blueprint that puts investors, businesses looking to raise capital and dealers first. Launched in March 2015, the NEO Exchange currently offers an innovative trading venue and a value added listing venue for capital raising companies and investment products. For more information, please visit: www.NEOstockexchange.com.

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