U.S. cannabis multistate operator Curaleaf Holdings is in talks with the Nasdaq and Toronto Stock Exchange about possibly uplisting from the smaller Canadian Securities Exchange to gain access to big institutional investors and more liquidity.
The talks come a month after Canadian cannabis producer Canopy Growth Corp. unveiled plans to accelerate its entry into the United States by taking full ownership of three American marijuana businesses the Ontario-based company planned to buy once marijuana became legal under U.S. law.
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Canopy hopes the plan will allow it to remain listed on a major exchange such as the Nasdaq or the Toronto Stock Exchange (TSX), although the company acknowledged the Nasdaq has objected to the plan.
Such a move is intriguing to Curaleaf as well, Darin acknowledged to MJBizDaily, saying that officials of the Wakefield, Massachusetts-based company have “been talking about it for a while, with the Canopy
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