Cannabis stocks expand to international exchanges
An increasing number of cannabis stocks are successfully expanding to more international stock exchanges, reflecting their global ambitions and reach. As cannabis stocks reach international markets into Europe, Asia, Canada and African countries, they are also establishing foreign subsidiaries.
Cannabis Stocks Reach International
Cannabis stocks are becoming listed on exchanges such as Toronto and Frankfurt as they demonstrate their growing international success. Not only can investors buy these stocks overseas, but these companies are successfully forming subsidiaries which can develop alliances with foreign growers, suppliers and marketers.
Cultural differences make international alliances mandatory for cannabis corporations based in the United States. Partnering with marketing agents in foreign countries helps make for quicker penetration and an ability to read retail and customer trends.
Foreign Exchange Listings
Becoming listed on a foreign exchange helps cannabis stocks reach international markets faster as they receive more exposure in their efforts to attract more funding and infrastructure. It is prestigious to achieve listing on a foreign exchange in an effort to secure an international brand.
Some cannabis companies seeking vertical growth market in one or more countries while growing product in another with a wholly owned subsidiary. By planting operations and marketing efforts in several countries, these cannabis entities are expanding worldwide. More than a few have global ambitions and this represents the beginning of their growth strategy.
Media Companies Report
stockmarketpress.com is a media company that is reporting on cannabis and taken notice of stocks listed on various exchanges. It has reported updates on CBD Unlimited, Inc. (OTC PINK: EDXC),), Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Supreme Cannabis Co. (OTC: SPRWF), The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), OrganiGram Holdings Inc. (NASDAQ: OGI), Canopy Growth Corp. (NYSE: CGC).
Already, some of the stocks are listing on several exchanges in a number of countries. Part of the growth of these cannabis companies is to improve their market listings. As a result, several are currently working to meet regulations and audits as they seek an up listing to larger exchanges. In turn, this move will enable them to sell more stock and attract additional funding in the form of mezzanine financing, warrant packages and outright equity offerings.
Linking With Others
The result is that as cannabis stocks reach international markets these companies are becoming more high profile and linking with others who can ease their way into larger opportunities.
Cannabis companies can even produce product in one country and sell that product in another. This occurs on occasion in the Canada-United States cross border scenario. Sometimes, by agreement, a cannabis firm can expand its reach by joint venturing with a licensed cannabis marketer in another country.
Cannabis stocks reach international markets in a variety of ways, but the goal is expansion, multiple exchange listings and a larger total company with foreign subsidiaries.