Canadian marijuana firm Sundial, California’s KushCo seek Nasdaq listings

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Sundial Growers, a Canadian cannabis company, and California-based KushCo Holdings have applied to be listed on the Nasdaq.

Sundial, based in Calgary, Alberta, would operate under the ticker symbol SNDL.

The number of shares to be offered and the price range for the offering have not been determined.

The company currently operates two facilities in its home province of Alberta and is planning a third one in British Columbia.

Sundial also runs three facilities in the United Kingdom, where it recently acquired CBD company Bridge Farm Group.

The company would join other Canadian cannabis companies on the Nasdaq, including major licensed producers Tilray, Cronos Group and Organigram.

More details on Sundial’s planned listing can be found here.

Separately, KushCo, a producer of ancillary products and services for the marijuana and hemp industries, said Monday it also applied to list its shares on the Nasdaq.

In the interim, the company will continue to trade on the over-the-counter market under its current ticker symbol KSHB.

In a news release, KushCo CEO Nick Kovacevich said a Nasdaq listing would “raise the company’s profile by diversifying our shareholder base and enhancing share liquidity in support of our company’s long-term goals and objectives.”