Aurora, with a market value of $5.70 billion, is doing due diligence on the U.S. market ahead of it pursues a potential listing
Another one of Canada’s biggest marijuana producers is exploring a listing with an international exchange.
Aurora Cannabis Corporation. is “absolutely” looking at trading its shares on the Nasdaq Stock trading game, the New York Stock Exchange or the AIM, a division of your London Stock Exchange, Chief Executive Officer Terry Unit said in an interview The following friday in Edmonton, Alberta. While the company is undoubtedly attracting a high volume of investors in Canada, more banking institutions and institutions are looking to start the market, he said.
The company’s gives you rose as much as 2 per-cent and were down One particular.8 per cent to $11.Fifty three at 12:50 r.m. in Toronto.
“We’re also all over it,” Booth said. “We’ll look at all geneva chamonix transfers, we’ll look at New York Stock Exchange.”
Last four week period, Cronos Group Inc. became the initial Canadian marijuana company so that you can trade on the Nasdaq Currency markets alongside companies such as Apple company company Inc. and Microsoft Corp. Cover Growth Corp., Canada’s first grass unicorn that now has a market value of $6.52 billion (US$5 billion), has said it intends to list around the Nasdaq.
Aurora, with a market value for $5.75 billion, is doing sufficient research on the U.S. market before it pursues a potential listing since marijuana continues to be illegal at the federal levels, Booth said. The company wants at listing on an alternate that makes the most sense, he explained.
“Cronos broke that barrier, in addition to good on ’em, it’verts excellent for everybody,” Booth proclaimed.
The move toward U.Vertisements. listings is another step in legitimizing Canada’verts burgeoning marijuana industry which is positive for all companies, David Fowler, chief executive officer of Supreme Cultivating cannabis Co., said in a phone interview. The licensed maker will be watching closely the way Cronos and others trade in the Ough.S., he said.
“We’re gonna see new eyeballs for the industry,” Fowler said.