Reflecting the changing times, several well-respected banks are backing the issue. In the U.S. the offering was backed by a syndicate comprising Cowen, Roth Capital Partners and Northland Capital Markets. In Canada, shares will be offered by BMO Nesbitt Burns and Eight Capital. Both Nasdaq and the New York Stock Exchange have accepted companies that were already listed in Canada as well as listing new shares and offerings of companies that operate in cannabis-related business. While first listed on the Toronto Stock Exchange, Canopy Growth (NYSE:CGC), a producer of medical marijuana, received a dual listing on NYSE in May. In February of 2018, Toronto-listed Cronos Group (NSDAQ:CRON) began trading on Nasdaq. MTech Acquisition Corp (Nasdaq: MTECU) is a special purpose acquisition company to buy a companies that are ancillary to the cannabis industry.

 

This is a significant event for the US cannabis industry demonstrating acceptance of Wall Street for solid companies operating in the cannabis sector that can be measured with the typical financial yardsticks for performance.

 

 

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