Marijuana company’s new stock symbol: WEED

Investors can now buy and sell WEED on the Toronto Stock Exchange after Canopy Growth Corp., a major federally licensed cannabis cultivator in Smith Falls, Ontario, changed its ticker symbol to the new, slangy version.

The move comes after the company made history last summer when it became the first marijuana cultivator to list on a major North American exchange.

Canopy announced its switchover from ticker symbol CGC on Wednesday and rang in its new era that morning by opening the TSX’s daily trading session.

Spring 2017 MJBizConBruce Linton, the company’s CEO, said in a statement the name change and its approval by TSX officials signaled the growing acceptance of cannabis in mainstream Canadian society.

“Patients, investors and Canadians as a whole are more accepting of the cannabis sector today than ever before … We are proud to have played our part in introducing a once-stigmatized topic into Main Street and Bay Street conversations,” Linton said, referring to Toronto’s equivalent of Wall Street.

Canopy has been busy the past couple of months.

In January, the company announced it had tripled its production space with the purchase of a former Hershey chocolate factory. And in December, the company announced its acquisition of another Canadian cultivation company, Mettrum Health Corp.

Daily News | Briefs | Canada Medical Marijuana News | Marijuana Stocks & Public Companies | Medical Cannabis Business & Marijuana Legal News in Other Regions

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note: Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.