Canopy Growth applies to list shares on NYSE

Canopy Growth, the Smith Falls, Ont.- based cannabis company, has applied to list its shares on the New York Stock Exchange.

Canopy is already one of the largest marijuana companies in Canada and its shares trade on the Toronto Stock Exchange under the symbol WEED. But the move to cross-list on the NYSE may open the company up to new investors in the United States.

Canopy, worth just over $6 billion at current prices, says its shares will list under the symbol CGC on the NYSE, while continuing to trade on the TSX too.

“A trading date will be made public once all regulatory formalities are satisfied,” Canopy said in a press release.

More to come

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