Maple Leaf Green World Inc. submitted a request to voluntarily delist its common shares from the TSX Venture Exchange.

The cannabis company also received conditional approval to list its shares on the Aequitas NEO Exchange Inc., a Canadian stock exchange based in Toronto.

The changes are expected to take place by the end of March, subject to customary conditions and final approval by both exchanges.

The TSXV had earlier asked the Calgary, Alberta-based company to comply with exchange requirements by divesting its interests in the U.S. or transferring the listing of its common shares.

On Feb. 6 the company, which has business activities in Nevada, said it was in the best interests of its shareholders to delist shares from the TSXV, instead of divesting assets in the U.S, and concurrently list shares on another public stock exchange in Canada.