Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Fire & Flower (FAF) begins trading on the OTCQX under the ticker FFLWF
  • The listing aims to offer US traders easier investment opportunities
  • Earlier this year, the company announced the achievement of a key milestone by opening its 45thretail store
  • Fire & Flower shares are currently up 1.06 per cent to C$0.95, with a market cap of C$132.71 million

Adult-use cannabis retailer, Fire & Flower (FAF), has begun trading on the OTCQX under the ticker FFLWF.

Trading on the OTCQX, which is operated by the OTC Markets Group (OTCQX:OTCM), will enable US and international investors to trade shares in the company. 

Investors will also be able to obtain up-to-date financial information and stock quotes.

“Fire & Flower is very pleased to have taken this step to provide greater trading access to investors based in the United States,” said Fire & Flower CEO, Trevor Fencott.

“We have received significant interest from investors in the United States and listing on OTCQX was a necessary step to provide these opportunities for international investors in our company.”

Earlier this year, Fire & Flower revealed that it had achieved its milestone of 45 open and operating cannabis retail stores. 

The company also went on to state that it had achieved this mark ahead projections and, as of the announcement dated January 13, has 46 fully operating stores.

“Fire & Flower is committed to delivering on the targets that we have provided to our shareholders and reaching 45 cannabis retail stores several weeks in advance of when we had anticipated to reach this target is a clear demonstration of our discipline in achieving our goals,” Mr. Fencott said at the time.

“Achieving this aggressive goal is a testament to our deep retail experience and strong management team. As the cannabis industry continues to face headwinds, Fire & Flower is well positioned to continue to achieve growth and demonstrate leadership in the category.”

Fire & Flower will continue to expand throughout Alberta and Ontario, while closely monitoring regulatory updates in order to achieve early entry into new markets.

Shares in the company are currently up 1.06 per cent to C$0.95, with a market cap of C$132.71 million.

More From The Market Herald

" The Market Herald’s Weekly Cannabis Report

Weekly Update – Top Cannabis News Stories

" BioHarvest Sciences welcomes Gavriel Lambert to the Board of Advisors

BioHarvest Sciences (BHSC) has appointed Gavriel Lambert to serve on its Board of Advisors.
Pure Extracts Technologies - CEO, Ben Nikolaevsky.

" Pure Extracts (CSE:PULL) signs supplier agreement with Shoppers Drug Mart

Pure Extracts (PULL) has signed a cannabis supplier agreement with Shoppers Drug Mart.

" Tilray (TSX:TLRY) expands medical cannabis products in the UK

Tilray Brands’ (TLRY) medical cannabis division, Tilray Medical, has expanded its medical cannabis offerings in the United Kingdom.