I would imagine that uplisting to the TSX is first and foremost their priority move.  This is assumedly already in progress with their recent CFO upgrade.  It's doubtful that they would "actively" file for both at the same time, but are placing the foundational blocks for both, at a minimum.

In regards to the Nasdaq, you can take a quick google over to find out what the Nasdaq listing prerequisites are, and it should become evident what kind of timeline that Loop will be on to get there. 

I believe they had announced their intent to show shareholders that they have a solid plan for the company far into the future, and far past covid.  I personally applaud their openness and transparency and will wait patiently while my shares rise and fall as the market dictates.