Wednesday was a good day for Aurora Cannabis Inc.
The Edmonton-based cannabis producer received approval to list its shares on the New York Stock Exchange on the same day it played a part in the debut of legal recreational cannabis in Canada.
The NYSE certified its approval for listing and registration on the U.S. exchange, according to a filing with the U.S. Securities and Exchange Commission, marking a significant milestone for Aurora as it becomes another Canadian-based cannabis producer to tap into the U.S. capital market.
On Thursday, Aurora said its shares will make their debut on the NYSE on Oct. 23, meaning it will share the U.S. stage with some of its peers including Canopy Growth Corp., which also trades on the NYSE, and Cronos Group, which trades on the NASDAQ.
Aurora shares fell almost three per cent on Wednesday, closing at $13.57 on the Toronto Stock Exchange, paring some of their earlier losses as investors opted to move broadly out of the cannabis sector on the same day that recreational marijuana was legalized in Canada.
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