The other big-name marijuana stock filing paperwork to list its shares on the NYSE is Aphria (NASDAQOTH: APHQF). Once Aphria receives its expected approval from the NYSE for listing, it'll provide Wall Street and investors with its expected first trading date on the NYSE and with its ticker symbol.
Like Aurora, the move makes sense for Aphria, as it's expected to slot in as the third-largest grower in Canada by annual yield (255,000 kilograms at peak production). Aphria's two primary grow facilities (Aphria One and Aphria Diamond) are expected to be complete by this coming January, leading to a rapid increase in production and revenue.
Aphria is also expected to be active on the partnership front. It's currently constructing an extraction center that'll allow it to produce up to 25,000 kilogram-equivalents of concentrate once concentrates get the green light in Canada, which is expected next year. This focus on alternative cannabis products, including oils, should make Aphria an attractive partner.
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