TSXV Launches New Sandbox Initiative

First introduced as part of the TSX Venture Exchange's ("TSXV") "Venture Forward" report in 2023, the TSXV Sandbox initiative ("Sandbox") is a forum that is intended to facilitate listing applications that may not generally satisfy the standard listing regime of the ‎TSXV but, due to facts or situations unique to a particular issuer, otherwise warrant a listing on ‎the TSXV or an exemption from certain listing requirements. Sandbox will mirror an identical ‎feature rolled out by the TSX in 2019, by providing waivers or exemptions in exchange for certain ‎conditions.‎

Under the ordinary listing process, the TSXV may grant minor waivers on listing ‎requirements, whereas under Sandbox, ‎the TSXV may exercise greater discretion to waive or modify more substantial listing ‎requirements. See "Looking Forward" for a description of certain situations for which Sandbox may be suitable.