Nasdaq finally ‘warming up' to Canadian cannabis companies with U.S. exposure. Could American growers be next? [MarketWatch]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: MarketWatch
Jefferies analyst Owen Bennett on Friday speculated that the Nasdaq could allow U.S.-based cannabis company Curaleaf Holdings CURA, — which currently trades on the Toronto Stock Exchange — to list on its exchange, having allowed Canadian cannabis companies Canopy Growth Corp. CGC, and SNDL Inc. SNDL, to continue to trade after both companies bought U.S. assets. Bennett noted that on a Spaces discussion on the social-media platform X, formerly Twitter, Curaleaf Chair Boris Jordan said “that a ‘ major U.S. exchange' had contacted Curaleaf to begin discussions.” Advertisement A Curaleaf spokesperson said in an email to MarketWatch that the company is in ongoing dialogues with “multiple major exchanges” about potential plans. The company declined to provide additional details. A Nasdaq spokesperson did not comment. SNDL and Canopy Growth, which already trade on the Nasdaq, are using what Bennett describes as a strategy of walling off U.S. assets through exchangeable shares. A
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CGC
News
- Canopy Growth Corporation (CGC) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Investors Heavily Search Canopy Growth Corporation (CGC): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Forbes Daily: Marijuana Stocks High On Declassification Announcement [Forbes]Forbes
- Strength Seen in Canopy Growth (CGC): Can Its 11.0% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- Marijuana Reclassification Bid Sends Cannabis Stocks Soaring [Forbes]Forbes
CGC
Earnings
- 2/9/24 - Miss
CGC
Sec Filings
- 5/14/24 - Form EFFECT
- 5/13/24 - Form 424B3
- 5/13/24 - Form 424B3
- CGC's page on the SEC website