You can now trade “weed” on the Toronto Stock Exchange (TSX).
On February 1, Ontario based Canopy Growth Corporation announced its share ticker at the TSX will change from its previous TSX: CGC to TSX: WEED.
Chairman and CEO of Canopy Growth, Bruce Linton, said that this is due to Canadians being more accepting of the cannabis sector today more than ever before.
“This is owed to a lot of factors, but we are proud to have played our part in introducing a once-stigmatized topic into Main Street and Bay Street conversations,” said Linton in a press release. “From our beginnings in an abandoned chocolate factory, to our funding of research to our countless doctor interactions, we have always taken pride in putting people at ease to open the door to a more meaningful conversation. Now, over three years later, we’re thrilled to be marketing WEED on Bay Street.”
— Canada’s Markets (@tsx_tsxv) February 1, 2017
Last month, Canopy acquired Mettrum Health Corp, creating the largest legal cannabis business in the world. This means more cannabis based business in Ontario, resulting in more research, jobs, and economic stimulus, according to the press release.
Canopy Growth is a world-leading diversified cannabis company, offering diverse brands and curated cannabis strain varieties in dried and oil extract forms.