Marijuana Stock Report: Canopy Growth Takes NYSE Leap

Canada’s largest Licensed Producer Canopy Growth Corp. (TSX:WEED) will make a move the New York Stock Exchange (NYSE) later this month. Currently listing on the Toronto Stock Exchange, their shares have experienced tremendous growth, climbing nearly 300 percent in the last year and 20 percent in the last three months of 2018. The company has a market cap of over $4 billion and has the advantage of financing courtesy of the Bank of Montreal. Once the move to the NYSE is approved, Canopy Growth will use the NYSE ticker CGC and will continue to trade on the Toronto Stock Exchange under the same WEED ticker. According to the CEO of Canopy Growth, Bruce Linton, “in 2014, Canopy became the first regulated cannabis producer to list shares in North America.”

The company is awaiting the required approvals, which are necessary before listing on the NYSE. One of the approvals

... read more at: