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Cannabis Watch: Another Canadian pot stock is headed for a U.S. exchange

Organigram Holdings Inc. sold the second-most amount of recreational cannabis in Canada, after only Canopy Growth Corp., in the most recent quarter. It sold twice as much pot as rival Aphria Inc.

That success isn’t showing up in Organigram’s OGRMF, +10.81%OGI, +10.54% valuation, though — the market cap is 5% of Canopy’s CGC, +4.25%WEED, +4.11% and half of Aphria’s APHA, -2.12%APHA, -2.17% , according to FactSet data. That is likely a large reason for the company’s move to list its stock on the Nasdaq, which should happen in about a month after Organigram filed for a listing on Friday.

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