Hope you like pot stocks, because another one, Aurora Cannabis Inc. (ACB) , has debuted on the New York Stock Exchange Tuesday, Oct. 23.
The stock was down 9% to $10.41 on Tuesday.
Since Aurora already trades on the Toronto Stock Exchange and is available over the counter, Tuesday's NYSE debut wasn't technically an initial public offering.
Tuesday may be a bad day for Aurora to debut, however, as the Dow Jones Industrial Average at midday dropped 463 points, the Nasdaq declined 183 points, and the S&P 500 fell 57 points.
The Edmonton-based company will be the fourth Canadian cannabis company to go public in the U.S., even though marijuana is still illegal in the majority of states.
Canopy Growth Corp. (CGC) , the largest public pot company by market capitalization, was the first-pure play Canadian cannabis company to list on the NYSE in January.
Cronos Group Inc. (CRON) was the first pot stock to list on the Nasdaq, followed by Tilray Inc. (TLRY) , which debuted on the Nasdaq in July.
