The Up-Listing is Expected to Provide the Company With Broader Access to Investors and Capital
VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) -- Myconic Capital Corp. (formerly, Auralite Investments Inc.) (CSE: MEDI) (the "Company" or "Myconic") is pleased to announce that the Company has moved the listing of its common shares (the “Myconic Shares”) to the NEO Exchange (the “NEO”). The Myconic Shares will commence trading on the NEO under the symbol “MEDI” at the start of trading on May 21, 2021. The Myconic Shares will be delisted from the Canadian Securities Exchange (“CSE”) on May 20, 2021 at the close of trading; the transition to the NEO is not expected to impact current investors’ ability to trade Myconic Shares. The NEO is home to over 125 corporate and ETF listings, and consistently facilitates close to 15 percent of all Canadian trading volume.
Since its debut as a public company, Myconic has made investments across various industries. Currently, the Company is actively pursuing its vision of becoming a North American leader in mental health. In particular, the Company recently acquired a network of 14 national medical cannabis clinics with the intent to broaden the scope of mental health treatments to include intravenous ketamine and ketamine-assisted psychotherapy.
"As a senior exchange, the NEO provides added liquidity and exposure which is expected to enable our continued growth,” explained Adam Deffett, VP of Capital Markets for Myconic. “We further expect that this up-listing to the NEO will provide us with the opportunity to target and reach a broader range of institutional and retail investors, while having access to greater and more efficient capital."
“Quality companies across the country are realizing the benefits and added value of up-listing to a senior stock exchange,” added Jos Schmitt, President and CEO of the NEO. “We are proud to be the destination of choice for up-listings like Myconic, an organization that has set its sights on addressing the urgent mental health crisis through targeted investments in medical cannabis clinics with plans for strategic expansion. We look forward to providing Myconic with a broad platform for growth through increased access to capital, enhanced visibility with the investor community, and a greater opportunity to bring innovative new treatments to market.”
Investors can trade Myconic Shares through their usual investment channels, including discount brokerage platforms and full-service dealers.
ABOUT NEO EXCHANGE
The NEO Exchange is Canada’s innovation economy stock exchange that brings together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO is a Tier 1 stock exchange and only lists senior companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Myconic Capital Corp. is an investment issuer with a diversified portfolio that is focused on emerging companies active in the high-tech, real estate, cannabis, mining, and health and wellness sectors.
On behalf of:
MYCONIC CAPITAL CORP.
Robert Meister, CEO and Director
For further information, please contact:
Nick Kuzyk, Investor Relations
The Canadian Securities Exchange (the “CSE”) has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Notice Regarding Forward-Looking Information:
This news release may contain forward-looking statements as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and future prospects of the Company.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.