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Timeline of US Cannabis Companies Listing in Canada

Timeline of US Cannabis Companies Listing in Canada

Dina Al-Shibeeb
Timeline of US Cannabis Companies Listing in Canada

The number of US cannabis companies listed in Canada is expected to reach the number – five – this fall.

So far, there are four US cannabis companies that have listed on the Canadian Securities Exchange (CSE).

1. Liberty Health Sciences Inc. joined CSE in July 2017

Dubbed as Aphria’s (TSE: APH) American sister-company, Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) (“Liberty” or the “Company”) was launched to acquire and operate US-based companies in the medical cannabis market.

Liberty entered into an agreement with the Florida-based Chestnut Hill Tree Farm, LLC to boost its operations in the US. 

2. Cannex Capital Holdings Inc. joined CSE in March 2018

Vancouver-based Cannex Capital is listed on SEC (CSE: CNNX) and on the OTCQB Market under the ticker symbol (OTCQB: CNXXF).

Cannex is also in the process of acquiring Jetty Extracts, one of the Top 10 largest producers in California.

3. MedMen Enterprises joined CSE in May 2018  

The Los Angeles-based MedMen (MMEN.CN) is considered to be the Starbucks of the marijuana world in the United States. It caters to both recreational users and medical patients.

MedMen raised nearly $110 million in a private subscription at a valuation of $1.65 billion before it went public in Canada.  

4. Green Thumb Industries Inc. joined CSE in June 2018

Chicago-based Green Thumb Industries Inc. (GTI) (CSE:GTII) (OTCQX:GTBIFNews) (“GTI” or the “Company”)

In early July, GTI announced that the OTC Markets Group has approved the trading of its subordinate voting shares on its OTCQX Best Market under the ticker symbol “GTBIF.”

Headquartered in Illinois, GTI was named a Best Workplace 2018 by Crain’s Chicago Business.  

5. Acreage Holdings Expected to join this fall

Acreage Holdings, considers itself to be the US’ largest national cannabis operator and brand, is aiming to raise $119 million funding round after listing on the CSE this fall.

The anticipated fundraising is expected to be the largest private equity round in US cannabis history.

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