Aurora Cannabis plans US stock listing in October

By baddey dey`
Vancouver-based cannabis producer Aurora Cannabis is planning a stock listing in the US, according to Financial Post
 
The firm, recently noted for its ongoing talks with Coca-Cola regarding a CBD-infused beverage, is currently listed on the Toronto Stock Exchange and would join Tilray Inc and Canopy Growth Corp as a dual-listed cannabis company.
 
Terry Booth, CEO at Aurora, told Bloomberg’s Terry Booth in March:
 
“We’ll look at all exchanges, we’ll look at New York Stock Exchange”.
 
Tilray Inc listed on Nasdaq in July, and its stocks have boomed by 1100% since to become the most valuable cannabis company in Canada, according to CNBC.
 
A recent spike in Tilray’s worth has been attributed to the company receiving approval to import cannabis products into San Diego for clinical trials at the University of California.
 
See more:
 
 
It’s valuation of US$14.4bn on 18 September trumped former market leader Canopy Growth Corp at $11.5bn.
 
With recreational cannabis use set for legalization in Canada on 17 October, cannabis companies are seeing opportunities to appeal to US investors as the market prepares for a boom.
 
The Financial Post added that Aurora has made a string of recent acquisitions, including that of ICC Labs, a cannabis company based in Vancouver, for “around $290 million in stock”.
Share

Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital