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Cannabis producer with assets in Newfoundland starts trading on Frankfurt Stock Exchange

Construction to retrofit an existing 18,000-square-foot industrial building in Barachois Brook to be the new home for the Back Home Medical Cannabis Corp., a subsidiary of Biome Grow, is already underway.
The Back Home Medical Cannabis Corp in Barachoise Brook, NL is a subsidiary of Biome Grow, an Ontario-based cannabis producer that's now trading on the Frankfurt Stock Exchange. - Contributed

A little over a week after Biome Grow stocks started trading on the Canadian Securities Exchange, the company announced that is common shares are also available on the Frankfurt Stock Exchange (FSE) in Germany.

The Ontario-based cannabis company is the parent company of Barachois Brook-based Back Home Medical Cannabis Corp, a commercial growing operation launched by St. George’s businessman Dave Callahan.

The company also owns Nova Scotia-based Highland Grow, which is already a licensed medical cannabis producer, as well P-209 in Norwich, Ont. Biome also owns Weed VR, a proprietary multi-platform virtual retail catalog system.

Biome suggests a public listing on the FSE will provide increased access to European and other international investors, positioning the firm for international growth and development.

With a share in turnover of around 90 per cent, it is the largest of Germany’s seven stock exchanges and it is an international trading centre. Of the approximately 200 market participants, roughly 50 per cent are from countries outside Germany.

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