For those hoping to get in on the cannabis stock game, a Canadian company has gotten approval to start trading on the NASDAQ. It’s the U.S. Stock Exchange’s first listed marijuana company, according to VICE.
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TMX Group Ltd’s CEO on Thursday brushed off signs that the grip of Canada’s dominant stock exchange operator on overall trading volumes was slipping, saying recent market share losses were mostly due to its rejection of certain listings.
Tweed Marijuana Inc.’s net proceeds from the Offering will be utilized for corporate purposes.
With a rise in growing rights for licensed companies, the legal barriers regarding the cultivation and distribution of marijuana are slowly burning down.
A recent press release from The Wall Street Journal indicates that Tweed Marijuana Inc. has served to clarify investor concerns regarding the company’s shares.