Aurora Cannabis Inc. (TSE:ACB) has seen its market capitalization increase by more than $600 million since it began trading on the TSX Venture Exchange in October 2016
SmallCapPower | July 24, 2017: Aurora Cannabis Inc. (TSX: ACB) stock began trading on the Toronto Stock Exchange today (July 24, 2017), following its graduation from the TSX Venture Exchange and voluntary delisting at the close of trading on July 21, 2017. Its stock symbol remains the same.
Aurora Cannabis CEO Terry Booth said, “Aurora’s graduation to TSX reflects the remarkable commercial and operational progress we have made since listing on TSX Venture Exchange late last year. We expect that graduating to TSX will further increase our shareholder audience, and represents another important strategic step in enhancing shareholder value.”
Since Aurora Cannabis stock began trading on the TSX Venture Exchange in October 2016, the Company has about doubled its active registered patients and nearly tripled its monthly revenue, with increased revenue per patient. Aurora Cannabis has also launched its international expansion in both Australia and Germany, increasing its market capitalization by more than $600 million to approximately $950 million.
Aurora Cannabis announced on July 12, 2017, that its wholly-owned German subsidiary Pedanios has been successful in passing the first stage of the tender application process to become a licensed producer of medical cannabis in Germany.
Shares of Aurora Cannabis have surged more than 30% to its current price of $2.73 since its TSX listing announcement on July 10, 2017. Aurora Cannabis claims it is now the second-largest cannabis company in the world by market capitalization, trailing only Canopy Growth Corporation (TSX: WEED).
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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