Dentons law Firm
Dentons law Firm

Okanagan Cultivators to work with Pushor Mitchell

In an exciting move, Dentons Law Firm signed on to assist Canada-based company with listing on the Toronto Stock Exchange. The people on an IPO team are an important part of a successful IPO–this includes your IPO lawyers. Dentons Law Firm is an excellent legal team for Okanagan Cultivators to start working with. The team has years of trusted experience and a forward-thinking way of working with clients.

This cooperation with Dentons Law Firm is just the first move in a successful direction for Okanagan Cultivators. The organisation is expecting 2020 to be a big year, with many opportunities for further success.

First tranches sold out

Today, Okanagan Cultivators took a major step towards listing on the Toronto Stock Exchange in 2020. They sold out its first tranche of 10 million shares in less than 24 hours. This exciting milestone could be an indicator of future success for Okanagan Cultivators.

The business is scheduled to sell two more tranches this year before floating on the TSX. This will be an IPO to watch in 2020. Okanagan Cultivators has not only had early success selling out tranches, but they also signed agreements with the Canadian government.

Scheduled 2020 tranche sales

Okanagan Cultivators sold the first portion of shares at 3.00 CAD, and raised over $150 million CAD. They are approved to sell two more tranches in 2020, the first scheduled for February or March. They will sell the first of the two tranches of 5 million shares at 5.00 CAD. 

Okanagan Cultivators will sell its third of the scheduled tranches before the end of 2020. The date has not been released, and this final tranche price was not listed at the time of publishing.

Securities lawyers know the laws governing the financial world like stocks, mutual funds, and IPOs. These rules are designed to prevent fraud, insider trading, and market manipulation, while boosting transparency. By maintaining these standards, the financial world is a more fairly-operated place.

Publicly-traded companies must file regular reports with the Canadian government. These reports share information including their financial standing, operating results, and their executives’ salaries. These laws and regulations ensure that companies and finances are operating fairly and lawfully managing their finances. Transparency is key for these publicly-traded companies. 

Investors, brokers, and financial markets rely on this information to make investment decisions. Federal law also prohibits using insider information for personal gain or market manipulation. 

Okanagan Cultivators is well positioned to be listed in 2020 on the TSX. The organization will likely see much more success as the year progresses and they are listed on the TSX.