Ontario, Canada-based licensed cannabis producer Canopy Growth’s plans to launch Canopy USA to accelerate its acquisitions of three American marijuana companies and remain listed on a major stock exchange might have provided a blueprint for U.S. companies.
American cannabis operators who touch the plant could follow the Canopy road map to uplist from the Canadian Securities Exchange to the Toronto Stock Exchange or the Nasdaq – provided they’re willing to do a major restructuring, experts told MJBizDaily.
ADVERTISEMENT
The upside to listing on the Toronto Stock Exchange (TSX), North America’s third-largest exchange, is that it could help cannabis companies attract more institutional investment.
So far, American plant-touching cannabis companies – such as multistate operators – haven’t been able to raise capital on major exchanges because of the federal illegality of cannabis in the U.S., opting instead to list on the Canadian Securities Exchange (CSE) and over-the-counter markets.
And that
Read full article on Marijuana Business Daily
