A Canadian company that owns a medical marijuana cultivator and CBD company in Las Vegas has started trading on the Canadian Stock Exchange, a move that could make it easier for other U.S. plant-touching companies to list in Canada.
Friday Night Inc., which trades under the ticker symbol TGIF, opened Friday at 28 Canadian cents per share. It hit 40 cents per share before finishing the day at 32.5. On Monday, the company was trading between 32 cents and 35 cents per share.
Vancouver, British Columbia-based Friday Night Inc.’s listing follows its acquisition of marijuana cultivator Alternative Medicine Association and Infused Mtg., both based in Las Vegas, according to a news release.
Friday Night Inc. previously traded on the TSX Venture Exchange – the junior exchange of the Toronto Stock Exchange – under the name QuikFlo Health.
QuikFlo rebranded itself as Friday Night Inc. last week after closing on the deal to acquire 91% of Alternative Medicine Association and Infused Mfg.
Alternative owns a 12,000-square-foot cannabis grow site and Infused Mfg specializes in producing hemp and CBD oils, according to Friday Night Inc.
Alternative isn’t the only American business connected to the Canadian Stock Exchange. Golden Leaf Holdings, for example, is based in Toronto and trades as GLH on the CSE. Golden Leaf owns the Left Coast Connection – an MMJ dispensary in Portland, Oregon – and two cannabis-based manufacturing companies, Proper and Golden.