Canadian pot company Fire & Flower seeking Nasdaq listing
Fire & Flower Holdings Corp. said it has filed to list its stock on the Nasdaq as the latest Canadian pot company to trade on a major U.S. exchange after Tilray , Canopy Growth , Aurora Cannabis , Cronos Group , OrganiGram Holdings and others. "Listing on the Nasdaq will allow us to expand our shareholder base and drive increased shareholder value as we continue to leverage our unique technology-driven business model to enter new targeted markets across North America," Fire & Flower CEO Trevor Fencott said in a statement on Wednesday. The company said it would announce when its stock will officially start trading on the Nasdaq and did not yet disclose its Nasdaq ticker symbol. OTC-listed shares of Fire & Flower are up 4% so far in 2022 and down 44% in the past 12 months, compared to a loss of nearly 8% in 2022 and a drop of 56% in the past 12 months by the Cannabis ETF .
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