Saturday, August 17, 2019 11:32:46 AM
However, I'm still not certain they'll get approval even as a holding company. NASDAQ has declined a company from listing that only provided a software app for MJ pricing and locations on the basis they were promoting illegal substance, even though they didn't come close to direct contact. On the other hand, IIPR is listed on NYSE. They own MJ real estate and lease it to MJ growers and retailers. Surely one could argue they enable the manufacture of illegal drugs. So, it's not clear where they draw the line.
I also wonder why no other US holding company has tried to do it. Surely a big company like CURALEAF HOLDINGS, INC. would love to uplist. Curaleaf, Inc. does the actual MJ selling. The holding company has a bunch of different entities. Not sure if it's set up the same way though.
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