Canadian Marijuana Company To Be Listed On The NASDAQ
Cronos Group Inc. is set to make cannabis history as the first Canadian marijuana company to be listed on the NASDAQ.
The cannabis industry is set to reach yet another milestone this week. While we won’t see the passing of any new legislation or any states announcing legalization, the plant has still managed to nudge its way further into the mainstream, with one Canadian marijuana company to be listed on the NASDAQ, beginning Tuesday.
Cronos Group Inc., a cannabis company that already trades on the Canadian Stock Exchange, is set to become the first marijuana company to appear on a major U.S. exchange. Shares will be available to trade on the NASDAQ beginning Tuesday.
Cronos founder and chief executive officer Mike Gorenstein believe this isn’t just a massive victory for his own company, but for the industry as a whole.
“It’s very significant for the company and the whole industry,” Gorenstein said in an interview with the Financial Post. “It’s a huge moment—just shows the stigma is continuing to erode on cannabis.”
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