Marijuana giant Canopy Growth to join S&P/TSX 60 index

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The S&P/TSX 60 index will add Canopy Growth, an Ontario-based cannabis company, on April 18.

Canopy is believed to be the first cannabis company included in the Canadian Large-Cap Index.

To be considered for the exclusive index, companies must meet certain market capitalization, liquidity and domicile requirements.

Canopy, based in Smiths Falls, trades on the Toronto Stock Exchange under the ticker symbol WEED and on the New York Stock Exchange as CGC.