The Canadian cannabis industry has taken another leap toward the mainstream now that Canopy Growth Corp. is being added to the influential S&P/TSX Composite Index.
Canopy, one of Canada’s federally licensed medical marijuana cultivators, will be the country’s first cannabis company to be included in the index’s health care sector, The Globe & Mail reported.
The company, which trades on the Toronto Stock Exchange, will be added to the index prior to the start of trading next Monday.
Institutional investors and index funds rely on the S&P/TSX index when deciding which stocks to purchase, according to the newspaper. Canopy’s inclusion could spur additional purchases of the company’s shares – and perhaps those of other cannabis companies.
Canopy, based in Smith Falls, Ontario, has traded on the Toronto Stock Exchange since July 2016. It has used the ticker symbol WEED since Feb. 1.
Canopy’s listing on the Toronto Stock Exchange is one of the criteria a company must meet to be considered for the S&P/TSX index, The Globe & Mail reported. In addition to trading on the index for six full months, companies must meet requirements for liquidity and market capitalization.
more recommended stories
- Report: FDA Asking Patients To Provide CBD Feedback
Finally, the FDA is asking people.
- Seniors Are the Fastest Growing Group of Marijuana Users
By Joseph Misulonas | Aug 14,.
- Here’s What A Trump Presidency Means For Cannabis Laws
How will Donald Trump react to.
- Philippine Police Kill 32 In ‘Shock And Awe’ Drug Raids
Philippine police have killed 32 people.
- Millennial Parents and Their Kids Love Smart Speakers, but Data Privacy Issues Persist
http://www.adweek.com/wp-content/uploads/2017/08/voice-family-parents-PAGE-2017-652x367.jpg | 11 hours ago Google.
- 10 surprising spaces in California being converted into cannabis businesses
Published: Aug 15, 2017, 3:40 pm.
- Massachusetts Supreme Court Becomes First State Court to Find Employers Must Accommodate Use of Medical Marijuana
As the number of states legalizing.
- A Plea From Texas to Willie Nelson: Your Influence Is Needed In Fight To Legalize Marijuana
By Neal Pollack, The Cannabist Staff.
- Missouri Sues Three Big Pharma Companies For “Campaign Of Fraud And Deception”
Published: Jun 23, 2017, 3:22 pm.
- Neil deGrasse Tyson on Marijuana: “There’s No Reason For It to Have Ever Been Made Illegal”
By Sydney Robinson – August 8, 2017 Share.