The Smiths Falls-based cannabis producer announced Monday morning that it has applied to list its shares on the New York Stock Exchange under the symbol CGC.
Canopy will continue trading on the Toronto Stock Exchange under the ticker symbol WEED.
"Since becoming the first regulated cannabis producer to list their shares in North America in 2014 our team has focused on building credibility through consistent execution", said CEO Bruce Linton in a statement. Today, he said he chose the NYSE instead, noting that "Ultimately one of them is on Wall Street and has a bit more history and cache".
Marijuana is still illegal at the federal level in the USA, though Canopy doesn't have any operations south of the border and is fully compliant with the laws in every country where it operates, Linton said.
Canopy Growth is making the move in the aim gaining more traction south of the Canadian border, in the hopes that more institutional investors will see the company as a viable option and provide funding for a leading operator within one of the region's fastest growing markets. "I think the investment community has to drop the pot jokes and talk about the investment grade opportunity".
If its application is approved, Canopy would become only the second "pure play" marijuana company to list on a top American stock market. Cronos began trading on the Nasdaq in February. "Once finalized, listing our shares on the NYSE will represent a continuation of our upward trajectory as we build the global cannabis industry".
The firm is now valued at more than CAD$6bn by market value, having see its stock more than triple in value over the course of the past 12 months.
LOS ANGELES-Cardi B has deleted her Instagram account and set her Twitter to private after a row with Azealia Banks . She gives a brief overview of the 22nd Amendment. "Like, if my spelling and grammar was that bad, I'd be cancelled".
The global health agency announced last week its plans to send the vaccine, developed in 2016 by the pharmaceutical company Merck. The 393 close contacts now under surveillance for symptoms of Ebola would likely be the first recipients of the vaccine.
We are set and full of energy to convey new impetus to our relations in both political and trade-economic sectors. We will remind that Nikol Pashinyan on April 17 announced the beginning of the "velvet revolution" in Armenia.
NASA's Launch Services Program, based at the agency's Kennedy Space Center in Florida, is responsible for launch management. Thus far, all our explorations of Mars have taken place from space or on the surface with rovers .
They raise bad (LDL) cholesterol level and lower good (HDL) cholesterol levels, which increases risk of heart disease and stroke. The giant Mondelez International is about removing partially hydrogenated oils from their products by the end of the year.
The Rapid City Area School Board approved the preliminary budget for next school year on Monday night at about $221 million. The board would consist of three members of the School Board , two members of the City Council and the Mayor.
The chance for hail, strong winds, and tornadoes is highest in northeast Pennsylvania, the Hudson Valley, and western New England. All Metro North service in and out of Grand Central has been temporarily suspended until the severe weather passes.
No específica a quién se refiere pero se sospecha que se trata de la candidata de la coalición Juntos Haremos Historia, Claudia Sheinbaum Pardo.
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Rage 2 gameplay trailer
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