TORONTO–(BUSINESS WIRE)–NEO is pleased to announce that it has granted Jushi Holdings Inc. (“Jushi”) final approval of its business transaction and the company will begin trading today under the symbol NEO:JUSH. Opening its first day of trading with a market capitalization over U.S.$350 million, Jushi – seeking to be an integrated multi-state owner and operator of cannabis and hemp licenses across the United States – is the tenth corporate issuer listed on NEO.
“Becoming a publicly-traded company is an important milestone for our business and we are very proud to launch today on NEO. Access to the North American capital markets will allow us to pursue and grow our robust acquisition pipeline of cultivation, manufacturing, processing and high value retail cannabis and hemp assets in the United States, while also explore new markets across the US and Europe,” said Erich Mauff, Co-founder, President and Board Director, Jushi Holdings Inc.
“We chose to go-public on NEO because it is a progressive and visionary senior exchange, which supports the cannabis sector and its tremendous global growth potential. By listing on a senior exchange, we are subject to regulatory and compliance standards that provides transparency for our investors. NEO’s streamlined, disclosure-based approach to listing has allowed us to walk a clear path toward today’s launch and stay focused on what matters – setting up our company for public success and driving our ability to generate long-term shareholder value,” continued Mauff.
Investors can trade shares of Jushi through their usual investment channels, including discount brokerage platforms and full-service dealers.
“We are thrilled to welcome Jushi as the tenth and newest company to list on NEO and we congratulate them on their public market debut,” said Jos Schmitt, President and CEO, NEO. “This best-in-class management team, including Jim Cacioppo, a successful hedge fund manager, Erich Mauff, former Vice Chairman of Corporate Finance at Deutsche Bank, Max Cohen, founder and CEO of The Clinic™, a cannabis industry pioneer and Jon Barack, a public and private cannabis investor, is bringing maturity and professionalism to the global cannabis sector. Their eagerness to partner with NEO is a testament to what we bring to the market. High quality management in the cannabis industry meets a high-quality stock exchange. It’s a win-win.”
The NEO Exchange is now home to over 70 corporate and ETF listings, and consistently facilitates over 10 per cent of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
About NEO Exchange
Neo Exchange Inc. is Canada’s next generation stock exchange, putting the needs of investors, businesses looking to raise capital and dealers first. Fully operational since June 2015, the NEO Exchange currently offers an innovative and investor-driven trading platform for all Canadian publicly-traded securities. It also has a value-added listing approach for capital raising companies and investment products, focused on liquidity, transparency and efficiency. For more information, please visit: NEOstockexchange.com