HOUSTON, TX / ACCESSWIRE / January 24, 2018 / The cannabis story is growing like a weed.
In 2018, Canada legalized its recreational use. Corporate America began investing in major cannabis companies. U.S. approval ratings for legalization jumped above 61%. More U.S. states approved its recreational or medicinal use. The U.S. FDA approved its very first cannabis-derived drug. Arguably, of the most exciting stories for investors has been the push by marijuana stocks to list of major U.S. exchanges in the U.S. and abroad.
By doing so, cannabis companies draw bigger investors, including institutional investors that aren't often able to invest in OTC-listed stocks. While there's nothing wrong with listing on the OTC, a major exchange offers a bigger audience of potential investors, and Wall Street firms.
Of course, that can lead to further upside for stocks that do so, including The Yield Growth Corporation (CSE: BOSS)(OTC PINK: BOSQF), Cronos Group Inc. (NASDAQ: CRON), and Aurora Cannabis Inc. (NYSE: ACB).
The Yield Growth Corporation's (BOSS)(BOSQF), for example, just announced that Yield Growth's common shares have been listed on the Frankfurt Stock Exchange under the trading symbol 'YG3.' Yield Growth is also now quoted on OTC Markets under the symbol 'BOSQF.' The company's common shares continue to be listed on the Canadian Securities Exchange ('CSE') under the trading symbol 'BOSS.'
Yield Growth is pursuing an aggressive international growth strategy,' says Yield Growth CEO Penny Green, 'Listing on the Frankfurt Stock Exchange and trading on the OTC Markets will allow us to grow our shareholder base throughout Europe and the U.S.A. as we also expand our cannabis and wellness business into these jurisdictions.'
At the moment, The Yield Growth subsidiaries are developing and manufacturing a wide range of other personal care products containing hemp root oil and various cannabinoids. In addition, The Yield Growth is currently seeking to obtain necessary licenses to process cannabis and manufacture cannabis products in multiple jurisdictions where such products can be sold.
For More Information on The Yield Growth Corporation (BOSS.CN), Click Here.
Cronos Group Inc. (CRON), for example became the first marijuana company to list on the NASDAQ in early 2018. 'It's very significant for the company and the whole industry,' said Mike Gorenstein, Cronos founder and chief executive officer, as quoted by Bloomberg. 'It's a huge moment -- just shows the stigma is continuing to erode on cannabis.'
Analysts at CIBC initiated coverage on Cronos with an outperform rating and a $22 target. 'Our view is that the strategies deployed by these companies combined with their strong balance sheets make these companies the most likely to attain the status of industry titan,' they noted.
For More Information on Cronos Group Inc., Click Here.
Aurora Cannabis Inc. (ACB) - one of the biggest Canadian marijuana stocks - debuted on the New York Stock Exchange in October 2018. While the stock hasn't done very well since it listed on a major exchange, investors are still encouraged by recent news.
In September 2018, Aurora acquired Europe's largest producer, processor and supplier of organic hemp and hemp products, Agropro UAB, and hemp processor and distributor Borela UAB. All as Aurora seeks to extract, refine and produce organic hemp biomass into a number of CBD-based wellness products.
The company also made headlines in December 2018 after announcing it entered into an agreement to invest $10 million through a brokered private placement in High Tide Inc., a private cannabis and lifestyle accessories retailer.
For More Information on Aurora Cannabis Inc., Click Here.
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