The Globe and Mail reports in its Wednesday, July 27, edition that Canopy Growth, 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
The Globe's Eric Lam writes that the stock, which previously
traded on the TSX Venture
Exchange, had surged 25 per cent
during a three-day rally, reversing
losses for the year.
Canopy boss Bruce Linton says: "Being the first cannabis producing
company in North America
listed on a major exchange
such as the TSX strengthens the
sector. 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 spokesman
with exchange operator
TMX Group confirmed.
PI Financial analyst Jason
Zandberg commenced coverage of
Canopy on Monday, along with
peers Aphria, Mettrum
Health and OrganiGram
Holdings, with "buy" ratings
for all four. Mr.
Zandberg believes recreational
marijuana sales will begin in
Canada in mid-2018, with the
combined recreational and medicinal
market growing to $7.4-billion in five years.
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