Ananda Pharma Cross-Lists on OTCQB to Expand U.S. Reach

Deal News | Apr 17, 2025 | Orrick

Ananda Pharma Cross-Lists on OTCQB to Expand U.S. Reach

Ananda Pharma, a UK-based biopharmaceutical company focused on cannabinoid medicines, has successfully secured an additional trading venue for its ordinary shares through the OTCQB Venture Market in the United States. The company, already listed on the Aquis Stock Exchange in London, began its U.S. trading under the ticker 'ANANF' on April 14, 2025. This strategic cross-listing aims to capture a wider investment audience and enhance the company’s visibility in the American market, known for its significant pharmaceutical sector. While no new capital was raised through this move, U.S. investors will benefit from access to Ananda's shares priced in U.S. Dollars during the hours convenient for U.S. trading. Legal advisory for this endeavor was provided by Orrick, indicating a careful navigation through regulatory and market complexities to achieve this listing.

Sectors

  • Biopharmaceutical
  • Finance and Investments

Geography

  • United Kingdom – Ananda Pharma is based in the United Kingdom.
  • United States – The OTCQB listing involves the United States, where the trading is to occur.

Industry

  • Biopharmaceutical – Ananda Pharma is a biopharmaceutical company focusing on the development of cannabinoid medicines.
  • Finance and Investments – The article discusses Ananda Pharma's listing on the OTCQB Venture Market to access a broader range of investors.

Financials

    Participants

    NameRoleTypeDescription
    Ananda Pharma plcTarget companyCompanyA UK-based biopharmaceutical company specialized in cannabinoid medicines.
    OrrickLegal AdvisorCompanyOrrick provided legal advisory services for Ananda Pharma's OTCQB listing.