New Brunswick licensed cannabis producer enters Nasdaq Global Select Market

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.

READ MORE: Ontario provincial parks gear up for first Victoria Day long weekend since cannabis legalization

Gracewood said entering the Nasdaq will allow the company to appeal to new markets, such as ones positioned against

... read more at: https://globalnews.ca/news/5288626/licensed-cannabis-producer-new-brunswick-nasdaq-global-select-market/

Leave a Reply