Canopy Growth celebrates another milestone, as the Corporation's common shares commence trading on TSX today, July 26, 2016
By Marijuana.Ca Staff on July 26, 2016
Canopy Growth Corp., a Canadian medical marijuana producer announced in a press release, on July 25, 2016, that it had received final approval for the corporation's common shares to be listed on the Toronto Stock Exchange (TSX). With this announcement, the shares jumped 14.5 percent to close at $3.24 yesterday.
Shares of the Ontario-based Canopy Growth will commence trading on the TSX today, when markets open, July 26, 2016.
"Being the first cannabis producing company in North America listed on a major exchange such as the TSX strengthens the sector and is expected to bring Canopy Growth to international institutional investors," said Bruce Linton, Chairman & CEO, Canopy Growth. "The TSX is the stock exchange for Canada's banks and elite publicly traded companies, and we hope that the addition of Canopy Growth helps signal that the world's view of cannabis has finally shifted, starting right here in Canada."
Added Linton, "This is a historic day for our Company, our sector, our patients and investors."
To celebrate this latest milestone, Canopy Growth's founding team and guests will open trading on the TSX on July 26, 2016. The market open ceremony can be watched in real-time at https://www.youtube.com/watch?v=DGUI5rWwLMo and on BNN television. An archive of the ceremony will also be made available at http://www.tsx.com/news/market-opens.
Canopy's listing on the TSX today marks an historic step forward for the marijuana space, as the company graduates to become the first marijuana stock in North America to be listed on a major exchange. What a milestone, for this Canadian marijuana industry leader, and for the stakeholders.