Major Industries eye the Cannabis Market in Search of Renewed Growth Opportunities
PYXUS INTL INC (PYX)
Company Research
Source: PR Newswire
NEW YORK, April 12, 2019 /PRNewswire/ -- Canadian cannabis companies have recently begun launching operations within the U.S. due to the attractive growth opportunity the country presents. In particular, states that have legalized recreational use, such as California, Colorado, Nevada, and Washington, have become popular regions. Furthermore, as they expand operations around the country, cannabis-based companies are also looking to list either on the New York Stock Exchange or the Nasdaq Exchange, the two largest exchanges in the world. As legalization efforts continue to ramp up, more and more companies are listing or uplisting onto these major exchanges. The explosive growth of the cannabis marketplace has allowed the industry to become a trending topic among investors and analysts alike. As such, investment banks such as Piper Jaffray, RBC Capitals, and Cowen have backed the industry by covering publicly traded cannabis-based companies. For example, RBC Capitals analyst Nik Modi be
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