Having marijuana-focused companies set to join the list of publicly traded companies is not a novel thing as companies such as Aurora Cannabis (ACB), Tilray (TLRY), Canopy Growth Corp (CGC, WEED), and Cronos Group (CRON) going public with IPOs in 2018.
Tilray was at the same time “the first cannabis-focused company to go public”, which in a way reduces a chance that cannabis companies with IPOs in 2019 can go through a boom within their initial public offers.
The competition in the cannabis industry is becoming thicker, while regulations are sending some cannabis IPOs to Canadian Securities Exchange (CSE).
Pax Labs IPO: Pax Likely to Go Public in 2020 Instead of 2019
Pax Labs was founded by Adam Bowen and James Monsees, the people who also launched the well-known Juul vaporizer estimated at 15 billion dollars.
Pax Labs is manufacturing cannabis bud vaporizers, focusing on hardware, and since the company doesn’t grow, touch or produce marijuana strains, Pax Labs is more likely to get a listing on New York Stock Exchange instead having IPO debut on CSE.
According to the statement by the company’s representatives, Pax Labs should have a major private funding round by the end of 2019, ahead of the IPO debut.
InterCure Ltd. IPO: Israeli Medical Marijuana Company
Medical marijuana companies operating in Israel have been approved by the Israeli government to export medical marijuana. However, the bill is yet to be approved and finalized.
Even though the regulations are still to be properly formed, one of the eight marijuana companies in Israel, InterCure Ltd is planning to list on Nasdaq, already by mid-2019 according to the company’s representatives. InterCure is expending their growing cannabis plantations to Europe as well.
By far the company grew by 1223% in a single year alone, concluded with May 2019/
Harborside IPO Set to Go Public in 2019
Harborside is planning to go public in 2019, while the company already raised 50 million dollars in a private funding round in the first quarter of the same year.
Harborside will get listed on CSE due to the fact that the company is directly operating with cannabis.