Canopy Growth Reaches New York Stock Exchange

Canadian medical cannabis company Canopy Growth began trading on the New York Stock Exchange under the “CGC” symbol yesterday, but after opening as high as $32.00 in pre-market trading, shares dropped 6.66 percent to $28.20 by the market’s close. It’s the first cannabis company to list on the NYSE and Midas Letter notes that their […]

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Canada’s Canopy Growth Applies for NYSE Listing

Canopy Growth Corp. – Canada’s largest cannabis company – has applied to list on the New York Stock Exchange, Bloomberg News reports. If approved, it would become the first cannabis producer to trade on the exchange. CEO Bruce Linton said he planned to list on the Nasdaq earlier this year but that he pulled back […]

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Exchange-Traded Cannabis Fund Sees Gains in Wake of California Legalization

The first cannabis exchange-traded fund on the New York Stock Exchange – Alternative Harvest ETF – gained more than 9 percent as California began legal sales, opening yesterday at $33.76 and closing at $35.57. According to a Forbes report, its Canadian counterpart, Horizons Marijuana Life Sciences, shot up 12 percent. Alternative Harvest ETF, which trades under […]

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Alcohol Distributor Constellation Brands Buys Stake in Canopy Growth

Constellation Brands, the U.S. distributor of Corona beer and Svedka vodka, has agreed to take a 9.9 percent stake in Canopy Growth Corp., a Canadian medical cannabis company, for about US$191 million (C$245 million) the company announced in a press release. The announcement comes less than one year after Constellation CEO Rob Sands told Ad […]

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NYSE Approves IPO for Cannabis-Related Real Estate Investment Trust

The New York Stock Exchange has approved the initial public offering application of Innovative Industrial Properties, a real estate investment trust with medical cannabis property investment plans, making it the first cannabis-related company to be listed on the exchange, according to a Forbes report. It will be listed under the symbol IIPR. The company, which […]

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