Canopy Growth Corp fluctuates in jump to TSX
Canopy Growth Corp., the first marijuana producer in North America to graduate to a major exchange, erased early gains on Tuesday, closing down 1.2 per cent in its first day on the Toronto Stock Exchange.
The stock, which previously traded on the junior Venture exchange, had surged 25 per cent during a three-day rally, reversing losses for the year.
“Being the first cannabis producing company in North America listed on a major exchange such as the TSX strengthens the sector,” Bruce Linton, chief executive officer of Canopy, said in a statement on Monday. “The addition of Canopy Growth helps signal that the world’s view of cannabis has finally shifted, starting right here in Canada.”
Canopy is the first marijuana stock listed on the TSX a spokeswoman with exchange operator TMX Group Ltd. confirmed in an e-mail.
PI Financial Corp. analyst Jason Zandberg initiated coverage of Canopy on Monday, along with...
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