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Monday, Jan 17, 2022
Mugglehead Magazine
Cannabis & psychedelics industry news based in Vancouver, B.C.
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Pathway starts trading on Frankfurt Stock Exchange

As of Friday, the firm is trading under the symbol ‘KL1’

Pathway Health starts trading on Frankfurt Stock Exchange
Frankfurt Stock Exchange Photo by Ank Kumar via Wikimedia Commons

To access European markets, integrated healthcare company Pathway Health Corp. (TSXV: PHC) (Frankfurt: KL1) has started trading on the Frankfurt Stock Exchange.

In a statement Friday, the firm says trading started that day under the symbol “KL1” on one of the world’s largest stock exchanges.

“Listing on the Frankfurt Stock Exchange will provide Pathway Health with direct access to the European capital markets and an opportunity for the company to increase trading liquidity and facilitate investment by expanding our shareholder base,” CEO Ken Yoon said in a statement.

Read more: Germany’s new government says it will legalize cannabis

Frankfurt is the largest of Germany’s seven stock exchanges and it’s an international trading centre. Of about 200 market participants, roughly 50 are from countries other than Germany.

“The FSE facilitates advanced electronic trading, settlement and information systems, allowing it to meet the growing requirements of cross-border trading,” Pathway adds.

The healthcare company owns and operates nine community-based clinics in four Canadian provinces. Pathway says it services patients suffering from chronic pain and related conditions through evidence-based approaches and products, including medical cannabis.

This year, the firm has partnered with some Canadian pharmacies to implement Pathway’s medical cannabis system.

Read more: Sobeys pharmacists receiving medical cannabis education through Pathway partnership

Read more: Pathway adds its medical cannabis system to Metro stores in Ontario

Pathway says it anticipates changes to Canada’s Cannabis Act, and is working with pharmacy firms to develop cannabis products for other-the-counter distribution in retail pharmacies.

 

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