Shares of Aurora Cannabis, the claimed second largest cannabis company in the world by market cap, started trading this week on the Toronto Stock Exchange after moving from the TSX Venture Exchange and voluntarily de-listing itself at the close of trading last week on Friday.
According to Aurora Cannabis CEO Terry Booth, “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 beginning to trade on the TSX Venture Exchange last October, active registered patients have roughly doubled and the company has seen its monthly revenue triple. Shares of the stock have risen over 30% since its TSX listing announcement on July 10th.
The company’s wholly owned subsidiary Pedanios also recently passed the first stage of the tender application process to become a licensed producer of medical cannabis in Germany.