An American multi-state cannabis operator run by a former Deutsche Bank executive will make its public debut on the NEO Exchange Monday, making it the third U.S. cannabis company to go public on Canada’s newest stock exchange over the past month. As such, the Canadian Securities Exchange (CSE) has become home to a slew of U.S. cannabis companies, especially over the last 18 months. More recently, the NEO Exchange has started emerging as a potential alternative to the CSE for cannabis companies. In late April, the exchange clinched its first billion-dollar listing with the public debut of American medical cannabis producer Columbia Care Inc. The company owns five retail locations in California with plans to open more, and 15 cannabis stores across Pennsylvania.

Source: National Post June 10, 2019 11:03 UTC