The Canadian cannabis producer that was in talks with Coca-Cola to make a CBD-infused drink is reportedly targeting a US IPO in October

Finance

NEWS / Finance 182 Views

REUTERS/Nir Elias

  • Aurora Cannabis is planning for a US preliminary public providing in October, the corporate's chief company officer stated.
  • The Canadian hashish producer was reportedly in talks with Coca-Cola to make a CBD-infused drink.
  • Marijuana shares have been red-hot as of late.
  • Watch Aurora Cannabis trade in real time here.

Aurora Cannabis, the Canadian hashish producer that was reportedly in talks with Coca-Cola to make a drink infused with CBD, one of many nonpsychoactive compounds present in hashish, — that did not result in a deal — is concentrating on a US stock-market debut in October, a report says. 

"We're concentrating on the month of October to determine a US itemizing," Cam Battley, Aurora's chief company officer, told the Financial Post on Tuesday. 

An preliminary public providing on US markets has grow to be extra engaging in current weeks as hashish shares have seen mouthwatering positive aspects. It began when Canopy Growth received a $4 billion investment from Constellation Brands, the beverage maker behind Corona beer and Svedka vodka, sending its replenish greater than 22% in a single day.

And rival Tilray has seen its inventory surge greater than 900% following its July IPO. It was lately boosted by phrase the corporate had acquired clearance to export medical marijuana to the United States for a medical drug trial. 

However an inventory will not come with out some danger. A Politico report revealed final week stated that staff of Canadian hashish corporations might face a lifetime travel ban to the US

"In the event you work for the business, that's grounds for inadmissibility," Todd Owen, the chief assistant commissioner for the US Customs and Border Safety's Workplace of Area Operations, informed Politico.

Aurora Hashish

Markets Insider

NOW WATCH: One bite from this tick could ruin red meat for the rest of your life

See Additionally:

Comments