One of the largest pot stocks goes public…

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From Business Insider:

Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. When Aurora’s shares start trading on Tuesday morning, the company will join a select list of cannabis producers that are listing on US-based exchanges.

While US-based exchanges were initially reluctant to list Canadian marijuana producers, companies including Tilray (which conducted an initial public offering on the Nasdaq in July), Cronos Group, and Canopy Growth all now list on US exchanges.

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“We believe that the legalization in Canada offers a road map to invest in the companies that will form the basis of the legal cannabis industry in the coming years,” Jon Trauben, a managing partner at the cannabis-focused Altitude Investment Management, previously told Business Insider.

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To get listed on a US exchange like the NYSE, cannabis producers have to prove they are not violating any federal laws…

Continue reading at Business Insider…


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