Canada-based cannabis company Aphria Inc.
APHA,
+2.27%
said Tuesday its U.S.-listed stock will leave the New York Stock Exchange in favor of the Nasdaq Global Select Market, effective after the June 5 close. The stock will begin trading on the Nasdaq under the same ticker symbol “APHA” on June 8. “This move is a reflection of our ongoing commitment to find cost effective ways of operating so we can continue to deliver long-term value to shareholders,” said Chief Executive Irwin Simon. Aphria’s stock rose 4.0% in premarket trading. It has gained 5.8% over the past three months through Friday, while the Cannabis ETF
THCX,
+5.60%
has advanced 3.6% and the S&P 500
SPX,
+0.23%
has lost 5.2%.