When a lot of people hear 'marijuana stocks', they immediately think of penny stocks trading over-the-counter here in the U.S. Most marijuana stock investors have no idea that there are even some cannabis-related companies trading on the NYSE and Nasdaq!
For the cannabis investors that have already explored what the U.S. markets have to offer, there are a handful of foreign stock exchanges that have listed marijuana companies.
Australian Securities Exchange
(Photo Credit - Cimexus)
Since medical marijuana was rescheduled in 2016, Australia has been gaining popularity as a place for research and development in the cannabis space. Many of the larger players down under choose to publicly list shares on the Australian Securities Exchange. Just recently, Harvest One Cannabis Inc. acquired an ACMPR licensed producer, United Greeneries and Satipharm AG from Australian-listed MMJ Phytotech Ltd. As the Australian cannabis industry heats up, we're expecting to see a lot more companies look towards the ASX as a listing venue.
Canadian Securities Exchange
(Photo Credit - Canadian Securities Exchange)
Since Trudeau announced recreational legalization measures, there's been a lot of attention on Canada's booming cannabis industry. The Canadian Securities Exchange is home to quite a few cannabis companies, given the affordability of listing as well as the option to list ACMPR applicant companies as well as approved Licensed Producers. While the CSE is not the only exchange in Canada, it's a popular choice for Canadian cannabis companies looking to raise capital in the public markets.
Also known as the Frankfurt Stock Exchange, the Frankfurt Börse is home to dual-listings of many Canadian cannabis companies. This offers European investors easier access to some of the leading companies operating in this rapidly growing sector. Companies like Canopy Growth Corp., which has shares listed on the TSX as well as in Frankfurt was the first company to export medical marijuana to Germany. We expect more companies to follow suit after Germany legalized medical marijuana back in January.
Tel Aviv Stock Exchange
While there are only a few Israeli-based cannabis companies currently on the public markets, it's not for long. As Israel pushes to be the leader in cannabinoid treatment research, more companies like Intec Pharma Ltd. and Therapix Biosciences Ltd. will be making a public debut. If your broker doesn't give you access to the Tel Aviv Stock Exchange, no need to fret. Both of the aforementioned companies have ADRs listed on the Nasdaq to offer easy access for investors around the globe.
Toronto Stock Exchange / TSX Ventures Exchange
Last but certainly not least, is the TSX and the TSX Ventures Exchange. Both owned by the TMX Group, these two exchanges offer options for cannabis companies of all sizes. With higher listing requirements than the CSE, many of the cannabis companies listed on the TSX are some of the largest players in the industry. The TSX Ventures Exchange offers smaller companies an opportunity to access the capital markets with lowered listing requirements. Once home to a bunch of small-cap. mining companies, the TSXV is rapidly becoming home to a whole lot of marijuana-related businesses such as Canabo Medical Corp.
Mexican Bolsa Coming Soon?
While there are no marijuana-related companies listed yet on the Mexican Stock Exchange a.k.a. the Mexican Bolsa, Mexico's Congress passed a bill legalizing medical marijuana this past Friday. We wouldn't be surprised if some cannabis companies started popping up south of the border!