CannTrust employees work with cannabis products at their packaging and extraction facility in Vaughan, Ont., on Wednesday, Dec. 19, 2018. THE CANADIAN PRESS/Nathan Denette
Republished January 09, 2019 - 3:53 PM
Original Publication Date January 08, 2019 - 7:31 AM
VAUGHAN, Ont. - Licensed marijuana producer CannTrust Holdings Inc. says it has applied to list its common shares on the New York Stock Exchange.
The Vaughan, Ont.-based pot company is the latest to seek a listing south of the border and access a broader investor base.
For example, Canopy Growth Corp. and Aurora Cannabis Inc. have listed their shares on the NYSE, while HEXO Corp. has also filed an application to list on the NYSE.
Beacon Securities analyst Russell Stanley says there are just five Canadian licensed producers currently trading on U.S. exchanges.
Stanley says a U.S. exchange listing would significantly expand CannTrust's profile and investor audience.
CannTrust says its application to list on the NYSE remains subject to approval by the exchange and contingent on the satisfaction of all listing and regulatory requirements.
Note to readers: This is a corrected story. An earlier version said Canopy Growth listed its shares on Nasdaq.
News from © The Canadian Press, 2019