Aurora Cannabis Inc. has been accepted to list on the New York Stock Exchange, according to a letter from the exchange's head of corporate actions, Benjamin Sawyer, dated Oct. 17, the same day Canada's legalization of marijuana goes into effect.
The company trades on the Toronto Stock Exchange under the ticker symbol ACB and has shares listed on the OTCQX.
The approval marks the latest Canadian cannabis producer's entry into the U.S. stock market, after Canopy Growth Corp. in May and Tilray Inc. in July. Canopy is listed on the NYSE while Tilray trades on the Nasdaq Global Select Market. Canadian cannabis investment company Cronos Group Inc. is also listed on the Nasdaq Global Market.
Aurora had announced its application to list earlier in October following rapid acquisitions of other cannabis companies. The U.S. listing will allow a broader investor audience as Aurora expands its global footprint, which includes Europe and South America.
In accordance with Aurora's Oct. 9 press release, the company will remain listed on the Toronto Stock Exchange but will voluntarily delist from the OTCQX. In the meantime, Aurora is preparing for the newly legal retail market in Canada. Canada is the second country after Uruguay to legalize marijuana.