VLNCF - Another Pot Stock Is Headed for the Nasdaq: Should You Buy It?
Many of the top Canadian-based pot stocks trade on the Nasdaq exchange, including Aurora Cannabis, Hexo , OrganiGram , and Tilray . And soon there will be another in that group: Valens (OTC: VLNCF) .
The cannabis extraction company announced in April that it had submitted an application to list on the exchange. And in an update posted this month, it says that it expects to finally hit the Nasdaq before the end of fiscal 2021 (its year ends in November). By letting it reach a larger pool of investors, the move could help this fairly small pot stock (which is barely a small cap), gain some much-needed popularity.
Image source: Getty Images.
For further details see:
Another Pot Stock Is Headed for the Nasdaq: Should You Buy It?