Over the past year or so, the cannabis industry has exploded in Canada after the powers that be in the country decided to legalize the product, and since then plenty of companies have come to the fore. Many of them are now listed on the world’s leading stock exchanges in the United States and have attracted active investor interest due to the sheer prospect of this sector. One of the Canadian companies which have become a veritable behemoth is Pasha Brands. The company is an umbrella organization that for some of the biggest growers, producers, and sellers of cannabis in the country.
Needless to say, it has also grown into the largest such company in the country, and yesterday, the company made a major new announcement. Pasha Brands announced that the company is now going to be listed on the Frankfurt Stock Exchange, which is one of the biggest stock exchanges in Europe and the world. It is a highly important development for Pasha, the cannabis industry, and also for the Frankfurt Stock Exchange. Investors in Europe will now be able to participate in the growth of a company that has managed to secure a dominant position in Canada’s cannabis industry, and the rewards could be handsome in the long run. As a matter of fact, some of the best-known brands in British Columbia are in the Pasha Brands stable, and that is, without a doubt, an attractive aspect.
The Executive Chairman of Pasha Brands, Patrick Brauckmann, spoke about the opportunity for investors. He said, “Our Frankfurt listing is an important step in the Company’s growth, enabling European investors and capital managers to participate in our success as we continue to expand Pasha globally. We are excited to now be trading on multiple liquid global exchanges, which offer access to the Company’s shares for institutional and retail investors all over the world.” The Frankfurt Stock Exchange could become Europe’s top exchange in the years to come if and when Brexit is completed. Once that happens, much of the capital flows from the London Stock Exchange could flow towards Frankfurt.