Nasdaq accepts Canadian company planning to grow hemp in Texas

Village Farms International, a Canadian company that’s adding U.S. hemp to its business producing greenhouse-grown tomatoes, bell peppers and cucumbers, has graduated to the Nasdaq exchange.

The company says it will leave the over-the-counter markets – where it trades as VFFIF – and list on the Nasdaq Capital Market as VFF. A date for the Nasdaq listing hasn’t been announced.

Village Farms also trades on Canada’s senior exchange, the Toronto Stock Exchange, under the symbol¬†VFF.

The company announced plans in December to enter the U.S. hemp market, saying it will seek to convert a Texas greenhouse to hemp production.

The move would require a change in Texas law.

Village Farms has a market cap of $366 million (485 million Canadian dollars).

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