02/27/2018 10:47 EST | Updated 02/27/2018 10:52 EST

Cronos Group, Based In Toronto, Is First Pot Company To List On A U.S. Exchange

It will trade under the symbol "CRON."

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TORONTO — Cronos Group Inc. is set to become the first Canadian cannabis company to have shares listed on the Nasdaq Stock Market.

The Toronto-based firm says it expects common shares will begin trading Tuesday on the Nasdaq under the ticker symbol "CRON."

Cronos will also retain its listing on the TSX Venture Exchange under the symbol "MJN."

CEO Mike Gorenstein says the company's listing on Nasdaq reflects the "significant progress" Cronos has made in strengthening its corporate governance and expanding its global footprint.

Earlier on HuffPost Canada:

Cronos operates Peace Naturals Project Inc. in Ontario and Original BC Ltd. in British Columbia.

The company also has multiple international production and distribution platforms in Israel and Australia, and access to 12,000 German pharmacies.

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