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Cross Border Cannabis Related Stock Listings on the Rise; Aurora Cannabis, Cronos Group, DirectView Holdings (OTC: DIRV), MedMen Enterprises

NEW YORK, Oct. 24, 2018 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering security and cannabis stocks, releases a snapshot looking at the growing trend of U.S. listed cannabis-related companies listing in Canada and alternatively, some of Canada’s leading TSX cannabis companies listing in the U.S. markets on the NYSE and NASDAQ.  Companies mentioned: Aurora Cannabis Inc. (TSX: ACB.TO) (NYSE: ACB), DirectView Holdings, Inc. (OTC: DIRV), MedMen Enterprises, Inc. (CSE: MMEN.CN) (OTC: MMNFF), Cronos Group Inc. (NASDAQ: CRON),( TSX: CRON.TO).

Most recent news of a TSX company listing on the NYSE; Aurora Cannabis Inc. (TSX: ACB.TO)  (NYSE: ACB) was approved for listing on the New York Stock Exchange and commenced trading effective October 23, 2018 under the symbol ACB.  Existing shares of Aurora, which previously traded on the OTCQX under the ticker symbol "ACBFF", will now trade on the NYSE.

From the company news , "Our NYSE listing represents another important milestone that reflects our commitment to all stakeholders as we continue advancing domestic and international growth initiatives, which includes expanding our base of global institutional and retail investors," said Terry Booth, CEO of Aurora. "Aurora has rapidly developed into a globally mature organization with industry leading and technologically advanced production facilities available to produce at unprecedented scale to meet the growing demand for high-quality cannabis both in Canada and abroad. We are also uniquely committed to leveraging our deep knowledge base to further scientific research into medical applications of cannabis, and developing novel, higher-margin product offerings that strongly differentiate Aurora from our competition.”

But the dual listing interest is coming from both directions. According to data and a source at the Canadian Securities Exchange, TheCSE.com, there are 106 listed companies in the cannabis sector, of which 49 are US related.  In terms of dollars, US cannabis companies have raised $760 Million and the Canadians $780 Million through the end of September.

One small U.S. company, DirectView Holdings, Inc. (OTC: DIRV), that recently entered the cannabis space with its security technology, is following the pack north and recently announced that, “DirectView executives are exploring the possibility of bringing DirectView, Inc. to the TSX or CSE in Canada, while still remaining on the OTC Markets in America.”

From the news, “In light of the recent legalization of Cannabis in Canada and the ever-growing demand for surveillance and security equipment in the industry, DirectView is actively consulting with its legal team to dual list the Company's stock on a Canadian stock exchange. The benefits of dual listing include a larger pool of investors, greater visibility, and exposure to macroeconomic factors."

Talking about business opportunities in the cannabis sector, Roger Ralston, CEO and Chairman of DirectView Holdings, Inc. (OTC: DIRV) said in a recent interview on the NYSE, “In the cannabis industry, security is required. For them to open their doors they have to have what we sell. Looking at all the industry verticals his company sells into he also noted, “We have had a record first half in 2018, growing organically and through acquisitions.”

One of the most recognized U.S. cannabis company listings on the CSE is MedMen Enterprises, Inc. (CSE: MMEN.CN) (OTC: MMNFF), a Californian cannabis retailer and one of the largest U.S. marijuana companies.

Looking at the significance of this milestone, an article in BloombergBNN notes, “Adam Bierman, CEO of MedMen, told BNN Bloomberg in an interview Wednesday that Canada’s “forward-thinking mentality” makes it an attractive place for marijuana companies to go public.”

Continued - “Canada has shown forward-thinking mentality on many issues and many industries and marijuana is just the latest,” he said. “We found an amazing partner with the CSE. We believe that we’re kind of blazing a trail here, there’ll be many to follow.”

Continued - “The California-based marijuana producer and retailer, known for its upscale Apple-like stores in the U.S., said on Tuesday that it raised US$110 million based on an enterprise valuation of US$1.65 billion after completing a reverse takeover of Ladera Ventures Corp. That makes it one of the most valuable U.S.-based cannabis companies to list in Canada.”

Achieving a milestone of its own with the recognition of the NASDAQ’s first cannabis stock is Cronos Group Inc. (NASDAQ: CRON), (TSX: CRON.TO), a geographically diversified and vertically integrated cannabis group.

Investor Ideas sat down in Vancouver at the ArcView Investor Forum and talked to Mike Gorenstein, CEO of Cronos (NASDAQ: CRON), (TSX: CRON.TO) and discussed how they achieved their listing and its significance.

Mike told Investor Ideas, “I think the main thing was building our company in a compliant, institutional and respectable way and approaching the NASDAQ and being able to present our business not as a “pot” company. We are a medicinal cannabis company; this is what our business model is and they were receptive. It’s the way we approached it that worked.”

He also went on to say, “We hope that other companies do also go NASDAQ. A lot of people ask ‘what do you think happens?’  I think it’s an evolution and if you believe the cannabis industry will continue to evolve you will see other companies achieve a listing.”  

Hear the interview with Mike Gorenstein, CEO of Cronos Group Inc  
https://www.investorideas.com/Audio/Podcasts/2018/051018-CRON.mp3
  
Other TSX companies have achieved US listings including Canopy Growth Corp. with its NYSE listing on May 24, 2018, trading under the symbol CGC.  The company said of its listing, “This listing follows a history of firsts for the Company including being the first publicly traded, federally regulated cannabis company in North America, and the first to be included in the S&P/TSX Composite index.”

Not to be left out, one of Canada’s other top cannabis companies, Aphria Inc., currently trading on the TSX, has also recently applied to list its common shares on the New York Stock Exchange.

As paths are blazed north to south and south to north, it’s evident as Mike Gorenstein, CEO of Cronos, said, "the industry is evolving."

For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks

About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts, articles, podcasts and videos talking about cannabis, crypto, technology including AI and Iota, mining, sports biotech, water, renewable energy and more. Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column and the Cleantech and Climate Change Podcast.

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This news is published on the Investorideas.com Newswire – News that Inspires big ideas Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this news article featuring DIRV is a paid for news release on Investorideas.com – third party , Learn more about costs and our  services https://www.investorideas.com/News-Upload/

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

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