ACB Stock – Aurora Cannabis Moves To NASDAQ Stock Exchange From NYSE
Aurora Cannabis has moved its stock exchange listing to the NASDAQ Global Select Market from the New York Stock Exchange (NYSE).
In a news release, the Edmonton-based cannabis company said moving the listing to the NASDAQ is part of its “cost efficiency plan.”
Under the plan, Aurora Cannabis has spent much of the COVID-19 pandemic laying off workers and closing facilities in hopes of finding millions of dollars in savings.
Aurora Cannabis’ stock stopped trading on the NYSE on Monday (May 24) after the market closed and its new listing on the NASDAQ is under its previous “ACB” ticker symbol.
The company says the transfer does not impact the company’s primary listing on the Toronto Stock Exchange.
Aurora operates several cannabis brands, including San Rafael ’71, Daily Special, AltaVie, MedReleaf, CanniMed and Reliva CB.