American medical cannabis company Vireo Health International, Inc. has begun trading on the Canadian Securities Exchange under the ticker symbol “VREO,” the company announced Wednesday.
Vireo currently has operations in Minnesota, New York, Pennsylvania, Maryland, Rhode Island, and Ohio.
Dr. Kyle Kingsley, Vireo’s CEO, called the listing “an historic milestone” for the company.
“We believe that science will drive the lion’s share of long-term opportunity in the cannabis industry. From novel, efficient, scaled processing equipment, to proprietary consumer products and our expansive intellectual property portfolio, Vireo has positioned itself as the cannabis company of the future.” – Kingsley, in a statement
Previously, Vireo raised more than $50 million through a brokered and non-brokered private placement offering in combination with Darian Business Development Corp.
The listing is the first public cannabis listing of 2019, according to Vice President of Corporate Communications Albe Zakes.
Canadian stock markets have been a haven for some American companies who could not otherwise list for public trading.
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