Canada’s Pot Exchange Gets Some Competition
- NEO Exchange lists its first billion-dollar cannabis company
- Acreage shares continue to trade well below Canopy’s offer
This article is for subscribers only.
Another billion-dollar U.S. cannabis company is going public in Canada, but this one will trade on a little-known bourse that’s beginning to compete with the pot-dominated Canadian Securities Exchange.
Columbia Care Inc., which has operations in 14 U.S. states and territories plus Malta, will begin trading Monday on Toronto’s NEO Exchange under the symbol CCHW. The company will list via an acquisition by Canaccord Genuity Growth Corp., a special purpose acquisition company, or SPAC, with a valuation of about $1.4 billion.