International Cannabis Corp (CSE:WRLD.U) (OTCMKTS:WLDCF) may soon be listed on a major international exchange, it announced on Thursday.
The cannabis company is pursuing a public listing on either the Nasdaq, the New York Stock Exchange or the AIM in London.
Shares of ICC powered over 6% higher to US$0.34 in Canada and over 8% to $0.34 in the US by midday Thursday.
Vancouver-based ICC is developing cultivation platforms for cultivation, extraction, formulation and distribution for cannabis and has operating assets in the UK, Europe, Australia, South America and Africa.
“ICC is committed to architecting a premier international cannabis company, and a listing on a major U.S. Exchange or the AIM will assist with expediting the expansion of our global presence,” said Eugene Beukman, International Cannabis Corp’s CEO. “A public listing on a major international exchange will equip ICC with broader access to international capital, as well as foster long-term shareholder value by significantly increasing market awareness, liquidity and by attracting a broader audience of investors.”
--Updated to reflect current share price--
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