The TSX Venture Exchange has 1,791 companies listed ranging from cannabis companies to gold miners. One of those cannabis companies is graduating off of the Venture exchange and onto the full-on TSX, adding to the 1,487 companies currently listed.
Related: TSXV Listed Marijuana Stocks
Aurora Cannabis Inc. (TSXV:ACB) (OTC:ACBFF) (FRA:21P) is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations. Aurora operates a 55,200 square foot production facility in Alberta, and is currently constructing a second 800,000 square foot production facility, known as "Aurora Sky", at the Edmonton International Airport.
Related: Aurora Breaks Ground on Massive New Facility
Aurora is also the cornerstone investor with a 19.9% stake in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis, as well as owns Pedanios, a leading wholesale importer, exporter, and distributor of medical cannabis in the European Union, based in Germany.
Related: Aurora and Cann Group Enter Collaboration Agreement
Starting Monday, July 24th, Aurora Cannabis Inc. will be moving on up. The company will be ringing the opening bell on Monday to kick off the new listing, and shareholders should tune in.
Related: Invictus MD's Management Rings Opening Bell in Toronto
Not much will change for the company since the ticker symbol will remain ACB, however this move will be noticed by asset managers, brokers, and beyond. Existing and prospective Aurora shareholders should take notice, as we believe this listing upgrade is bullish news.
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