The Globe and Mail reports in its Saturday, June 3, edition that S&P Dow Jones Indices is dropping Canopy Growth from the S&P/TSX Composite Index. The Globe's David Milstead writes that Canopy was removed from the S&P/TSX 60 in March of last year. At its peak in early 2021, Canopy Growth's market value topped $25-billion. As of Friday, the company is worth about $600-million. Canopy has lost nearly $2.6-billion on $330-million in revenue in its most recent nine months of reported financials. After heady growth in the early days of cannabis legalization, Canopy Growth has now posted six straight quarters of year-over-year declines in revenue. The index provider also said it would drop RB Global, the former Ritchie Bros. Auctioneers. The $10-billion-market-cap RB Global is now claiming Westchester, Ill. -- the headquarters of its recent merger partner, IAA Inc. -- as its principal executive office. Gatineau-based Converge Technology Solutions will also leave the index. No companies will be added. No changes are being made to the S&P/TSX 60, a selection of most of the largest companies in the composite. The changes will be effective at the open of markets on June 19.