Skip to content

U.S. Cannabis Firms Would Get a Boost From Canadian Exchange Proposal

  • CSE to unveil proposal for a ‘senior tier’ of companies
  • Increased liquidity, lower cost of capital among benefits

The Canadian Securities Exchange, home to many of the U.S.’s largest cannabis companies, plans to unveil a proposal Thursday that’s likely to boost the firms’ liquidity, lower their cost of capital, and make it easier for them to be included in exchange-traded funds and indexes.

The move to create a “senior tier” of companies on the exchange would have its biggest impact on U.S. multistate operators, which have flooded the CSE because they’re unable to list in their home country. U.S. cannabis companies make up around 80% of the C$40 billion ($31.6 billion) in market value hosted by the CSE, Chief Executive Officer Richard Carleton said in a phone interview.