Shares of Canopy Growth begin trading on NYSE

Shares of Smiths Falls, Ont.-based cannabis company Canopy Growth Corporation began trading Thursday on the New York Stock Exchange.

Canopy’s shares will trade on the NYSE under the ticker “CGC,” said the company in a release. Its shares will continue to trade on the TSX under the ticker “WEED”.

Canopy is the first publicly traded, federally regulated cannabis company in North America and was the first cannabis company included in the S&P/TSX Composite index. It was also Canada’s first marijuana unicorn.

“Five years ago, as a small Smiths Falls based start-up in the cannabis sector, we could have never imagined this historic moment,” said Canopy CEO Bruce Linton in a release.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.