U.S.-based Gage Cannabis Co, led by veteran marijuana industry executive Bruce Linton, is pursuing a direct listing on the Canadian Securities Exchange, sources familiar with the matter told Reuters.
Gage is looking to tap into soaring investor demand for U.S. marijuana producers as the industry awaits the verdict on a landmark bill that will allow institutional investments and bring the cannabis sector on par with the way the alcohol and tobacco industries operate.Lawmakers in New York have also said in recent days that the state is"really close" to legalizing recreational marijuana.
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