This week Wall Street learned that Canadian cannabis company Aphria Inc. will be transferring its stock from the New York Stock Exchange to the NASDAQ exchange after the market closes on June 5th.
“This move is a reflection of our ongoing commitment to find cost effective ways of operating so we can continue to deliver long-term value to shareholders,” CEO Irwin D. Simon stated. “Additionally, as a purpose driven Company, we believe Nasdaq will be a good fit for Aphria, particularly given our focus on, and the progress we have made, integrating ESG practices across our business.”
“With over 76% of Nasdaq-listed companies reporting on at least one ESG metric, we welcome Aphria to the Nasdaq family as they strive to integrate ESG best practices across their business and add strategic value to all of their stakeholders,” said Bob McCooey, Global Head of Capital Markets, Nasdaq.
Aphria will continue to trade under ticker symbol APHA and maintain its listing on the Toronto Stock Exchange.
The Company expects its common stock will begin trading as a Nasdaq-listed security at market open on Monday, June 8, 2020. This transition will not impact the Company’s primary listing on the Toronto Stock Exchange (TSX: APHA).
