U.S. pot producer Cannex joins marijuana rush to list during Toronto

U.S. pot producer Cannex joins marijuana rush to list during Toronto

- in Investment

The Vancouver-based company that owns any assets of Northwest Pot Solutions in Washington condition will start trading Wednesday for the Canadian Securities Exchange

Cannex Capital Collection Inc., owner of the largest marijuana company in the U.Vertisements., is looking to tap buyer demand in Canada simply by listing its shares throughout Toronto.

The Vancouver-based company that owns the assets of Northwest Cannabis Solutions in Arizona state is poised to get started on trading Wednesday on the Canada Securities Exchange, said Ceo Anthony Dutton. Cannex is looking to expand its footprint in states such as Ca and Arizona, becoming the most recent company with U.Azines. operations to list in Canada.

“It’s virtually impossible,” to raise money in the U.S., where marijuana remains against the law at the federal level, mentioned Leo Gontmakher, Cannex’s chief operating officer. “There’s not that numerous big money private investors in the states whorrrre willing to take that associated risk.

Cannex produced 8,500 kilograms of marijuana inthat went into products and solutions such as edibles, infused tablets, and vape cartridges, Gontmakher said. The company has the highest trailing earnings of any publicly traded U.Ohydrates. cannabis company and just higher $48 million, the largest public finance to date in the U.Vertisements. sector, said Vahan Ajamian, an analyzer at Beacon Securities. Shining example led Cannex’s reverse takeover by way of Arco Resources Corp. to gain a listing on the Canadian bourse under the symbol CNNX.

Other public Canadian firms with Ough.S. operations include Ottawa-based CannaRoyalty Corp. together with Liberty Health Sciences Inc. for Toronto.

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