Acreage Holdings Newest US canna-business to Record on Canadian Stock Exchange

Acreage Holdings latest US canna-business to list on Canadian Stock Exchange

Acreage began trading at $19.75 (USD) under the ticker “ACRG.U” on the CNSX, and it finished its first two days of trading at $24.25.

acreage

Has followed the lead of American cannabis businesses by going public in Canada since the environment is more welcoming after Canada legalized cannabis.

Other large, American canna-businesses listed on the CSE comprise CuraLeaf, MedMen, and Green Thumb Industries.

Acreage’s record coincided with MJBizCon in Las Vegas, among the largest canna-business conferences in the world. During a demonstration, Acreage CEO Kevin Murphy explained that while he was happy to be going in public in Canada, he was “also saddened by the fact that I’m not ringing a bell at New York”, based on Investor’s Business Daily.

However, he was also hopeful for the future as he celebrated cannabis opponent Jeff Sessions’ resignation as US Attorney General, stating it was fine to see him looking for work.

Acreage counts a number of influential previous politicians from both sides of the boundary on its board of directors, including former US speaker of the house John Boehner, former Massachusetts governor William Weld, and former Canadian Prime Minister Brian Mulroney.

It’s worth noting that both Boehner and Mulroney supported the War on Drugs for years, and have just recently come around to cannabis.

As recently as 2009, Boehner was quoted as being “unalterably opposed” to cannabis legalization, and Brian Mulroney fought to possess cannabis treated the same as heroin in the 90s.

For additional reading on John Boehner’s anti-cannabis past and surprising turnaround on legalization, click here.

Sources

Civilized: Former Prime Minister Brian Mulroney After Said Marijuana Was As Dangerous As Heroin, Now He’s Mixing The Cannabis Industry.

Investor’s Business Daily: John Boehner-Backed Pot Firm Sees This Boosting U.S. Weed Listings.

Published at Sun, 18 Nov 2018 04:33:28 +0000

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