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Aurora Cannabis to List on a Major U.S. Stock Exchange Next Month

Aurora Cannabis, the Canadian cannabis company with stock listed on the TSX, shops for a major U.S. exchange listing in order to open to U.S. investors by mid-October

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Aurora Cannabis Inc., now trading on the TSX in Canada under the ticker ACB-TO, is gearing up to list on a major United States stock exchange by mid-October, according to a representative at the company.

“We’re targeting the month of October to establish a U.S. listing,” announced Cam Battley, the Chief Corporate Officer for Aurora Cannabis, in talks with the financial arm of Canada’s national newspaper, the National Post, on Tuesday. The move would aim to make the company more attractive to “U.S. institutional investors, not all of whom can trade in OTC-listed securities,” which is where the company is currently available in the U.S.

Aurora’s CEO, Terry Booth, previously signaled that the company hoped to be trading on a U.S. stock exchange, telling Bloomberg news that the company would “look at all exchanges, we’ll look at New York Stock Exchange.”

Aurora Cannabis made headlines in Canada and the U.S. recently as rumors abounded that it was in talks with Coca-Cola to produce cannabis-infused beverages. Representatives for Aurora Cannabis later stated that the company “engages in exploratory discussions with industry participants from time to time,” and that at this time they “confirm there is no agreement, understanding or arrangement with respect to any partnership with a beverage company.”

Written by Jason Bagg

Mr Bagg has over 20 years experience in financial services ranging from Capital Markets to Private Equity. Mr Bagg has helped clients build wealth, reduce taxes and plan for retirement. Drawing on his experience, Mr Bagg has spoken on different panels regarding investing and has written numerous due diligence reports and white papers in this area.

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