March 7, 2018 2:10 pm

Aurora Cannabis eyes international stock exchange possibilities

The medical marijuana firm Aurora Cannabis is building a major facility at the Edmonton International Airport and is making Alberta's capital its international headquarters. Tom Vernon reports.

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Aurora Cannabis Inc. is the latest Canadian licensed marijuana producer planning to list on an international exchange.

The Edmonton-based company has been looking at listing on the Nasdaq Stock Market, the New York Stock Exchange or the London Stock Exchange’s AIM, an international market for smaller, growing companies, for some time now, said Cam Battley, chief corporate officer.

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READ MORE: Aurora Cannabis calling Edmonton home with its world HQ 

Aurora, which already trades on the Toronto Stock Exchange under the ticker symbol “ACB,” hopes to execute on those plans fairly soon, he said, but doesn’t have an immediate timeline.

The company has consistently taken steps to increase its shareholder audience, Battley said, so it makes perfect sense for it to look at additional international listings as it and the shareholder base expand rapidly around the world.

READ MORE: Southern Alberta marijuana business growth exploding ahead of legalization

As for whether the company could eventually list on multiple international exchanges, Battley said “let’s wait and see.”

Late last month, Cronos Group Inc. became the first Canadian cannabis company to have its shares listed on the Nasdaq.

READ MORE: Liquor Stores plan for Alberta retail pot outlets boosted by Aurora Cannabis investment 

It trades on the Nasdaq under the ticker symbol “CRON” and remains on the TSX Venture Exchange under the symbol “MJN.”

© 2018 The Canadian Press

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