A Denver-based cannabis company has started trading on the Canadian Securities Exchange (CSE) and its name is Dixie Brands.

Also known as “Dixie Elixirs,” the company specializes in the creation of cannabis-infused products, of which appeal to both recreational and medical consumers. Dixie’s premium range of pot-permeated products include drinks, gummies, dew drops, mints, tarts, topicals, tablets, synergy relief solutions and much more. 

Its debut on the CSE occurred at the close of November, following in the footsteps of numerous other pot companies. Trading under the ticker symbol “DIXI.U,” shares of the pot stock started at 79 U.S. cents.

Dixie will use its public cannabis stock listing as a way of expanding business prospects in the north.

Dixie Brands boasts operations nationwide

Since its inception in 2014, Dixie Brands has been distributing its THC and CBD-infused pot products through various brands.

Examples include Therabis’ range of CBD-infused wellness products for dogs, a decadent selection of chocolate bars included in the Leafs By Snoop product line, and even the world’s first ever cannabinoid drink mix – Aceso Daily Powder.

The cannabis company has firmly established itself in legal weed markets spread across California, Colorado, Maryland, and Nevada.

Two distribution partners in Australia and one in Canada are actively involved with Dixie Brands.

By 2019, Smith is optimistic that his cannabis company will closely collaborate with six additional U.S. states.

CEO of Dixie Brands is hopeful of hemp legalization

Founder and CEO of Dixie Brands, Chuck Smith, claims that his company presents the cannabis market with “the broadest and most diverse portfolio of infused products.”

“When the hemp farm bill is passed, that will allow us to grow high-property CBD hemp in the United States,” Smith declares, “and not have to worry about importing it from companies that actually have a legal hemp production supply.”

Dixie Brands recently conducted a reverse takeover (RTO)

The announcement of Dixie Brands’ stock market listing emerged shortly after the company carried out a reverse takeover (RTO) of Academy Explorations. This public company was already listed on the CSE prior to Dixie Brands’ trading opening, which was confirmed following October’s $25 million funding round.  

It is not the only company to go public by means of a reverse takeover. New York-based Acreage Holdings, Colorado-based MJardin, and Arizona-based Harvest Health & Recreation are all publicly listed companies that have conducted reverse takeovers.

There are a number of benefits associated with a reverse takeover, from the tax-saving benefits it provides to the bypassing of the complexities associated with going public.