A leading licensed producer of cannabis in New Brunswick will start trading on the Nasdaq Global Select Market, the second-largest stock market exchange in the world, on May 21.
Moncton-based Organigram Holdings Inc., the parent company of Organigram Inc., is one of Canada’s largest cannabis producers and is reported to have a record net revenue of $26.9 million.
“I believe we’re the only New Brunswick-based company that’s currently on the Nasdaq,” said Ray Gracewood, senior vice-president of marketing and communications with the company.
“And I think listing on the Nasdaq opens us up to an entirely new investor base that will legitimize the company, I think, in the eyes of institutional investors,” he added.
Gracewood said entering the Nasdaq will allow the company to appeal to new markets, such as ones positioned against