Ontario-based HEXO Corp. announced to its shareholders that it will be moving its U.S. stock exchange listing in pursuit of cost savings.
Effective Aug. 23, Hexo will transfer from the New York Stock Exchange to the Nasdaq. Common shares are expected to begin trading as a Nasdaq-listed security on Aug. 24 under the same trade symbol, “HEXO.”
“Transferring our U.S. listing to Nasdaq allows us to generate shareholder value through greater cost savings on our path towards profitability, while joining our peers on a leading global exchange,” said HEXO CEO and co-founder Sebastien St-Louis. “We are grateful for the partnership and support that the New York Stock Exchange has provided to us, allowing us to be one of the first publicly-traded cannabis companies in the U.S.”
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