The rumor mills have been in high gear as of late.
We’ve seen filings that make us believe another of Canada’s top cannabis companies is looking to make a move to the NYSE.
Now, a date for such an up-listing hasn’t been confirmed. But on September 28, the firm filed a Management Information Circular that mentioned the NYSE several times.
Further, in these filings, the company lays out the responsibilities, composition, and authority of their Audit Committee of the Board of Directors. These moves are all aligned with the NYSE-specific guidelines that a company must meet before being up-listed. In fact, in its statement, this ambitious cannabis company even goes as far as to reference the United States Securities Act, and then the NYSE once again.
Bottom line, this company looks intent on the NYSE, even if the report we saw doesn’t indicate if the firm has submitted an uplisting bid or a date for their potential move.
And if they do uplist, they’ll join some of the hottest Canadian cannabis companies on the market to do so. Firms like Canopy Growth Corp. (NYSE: CGC), Tilray Inc. (Nasdaq: TLRY), and Cronos Group Inc. (Nasdaq: CRON).
All of these stocks soared after uplisting. Tilray is up an astounding 396% since joining the Nasdaq in June; Cronos and Canopy have both seen impressive gains as well since they’ve uplisted this year, by 33% and 82%, respectively.
And this Canadian marijuana supplier isn’t the only one looking to grab a second listing outside of Canada’s markets. Rumors about Aurora Cannabis Inc. (OTC: ACBFF) and CannTrust Holdings (OTC:CNTTF) uplisting to US exchanges have been flying. It’s starting to look like a race to see who can make it to American markets first, and reap the rewards of a fresh capital infusion.
If you’d like to learn more about what a move to the NYSE will mean for this company, I’ve got the details on it, and many others.
This company is already set to soar when Canada goes fully legal on Oct. 17. That’s just days away. But there’s still time for you to get in.
See, picking out the best pot stocks is something for which I’ve got a proven track record – having shown my readers cannabis companies that have soared 340%… 468%… 1,006%… and 1,608%. (More details here.)
And my next round of recommendations is all lined up and ready to go.
For my full presentation, click here.
Cheers and good investing,
Michael A. Robinson