German Lawmakers Eager To See Phase 2 Of Cannabis Legalization, Weed Giant Curaleaf Considers Listing In Frankfurt
Portfolio Pulse from Nina Zdinjak
Germany's cannabis legalization has entered its first phase, allowing adults over 18 to possess and cultivate marijuana under specific limits. Lawmakers are pushing for the second phase, which involves state-controlled sales in licensed shops. Curaleaf, a major cannabis producer, is considering a secondary listing in Europe, eyeing Frankfurt and London, following its expansion in Germany through the acquisition of Northern Green Canada. Curaleaf shares closed 7.49% higher at $5.60.
April 08, 2024 | 1:41 pm
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Curaleaf is considering a secondary listing in Europe, eyeing Frankfurt and London, following its expansion in Germany through the acquisition of Northern Green Canada. Shares closed 7.49% higher at $5.60.
Curaleaf's consideration of a secondary listing in Europe, particularly in Frankfurt and London, indicates a strategic move to capitalize on the new European cannabis market. The company's recent acquisition in Germany and the positive market reaction, as evidenced by a 7.49% increase in share price, suggest a strong short-term bullish outlook for Curaleaf. The expansion into Germany, a significant market, and the potential for increased investor access through a European listing could drive further interest and investment in Curaleaf.
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