SMITHS FALLS, ON, Jan. 31, 2017 /CNW/ – Canopy Growth Corporation (TSX: CGC) (“Canopy Growth” or “the Company”) is pleased to announce that its share ticker will change to TSX:WEED upon the commencement of trading on the Toronto Stock Exchange (“TSX”) on February 1, 2017.
“Patients, investors and Canadians as a whole are more accepting of the cannabis sector today than ever before,” said Bruce Linton, Chairman and CEO of Canopy Growth. “This is owed to a lot of factors, but we are proud to have played our part in introducing a once-stigmatized topic into Main Street and Bay Street conversations. From our beginnings in an abandoned chocolate factory, to our funding of research to our countless doctor interactions, we have always taken pride in putting people at ease to open the door to a more meaningful conversation. Now, over three years later, we’re thrilled to be marketing WEED on Bay Street.”
The ticker symbol change comes at a transformative time for Canopy Growth. On January 27th, 2017, shareholders voted overwhelmingly in favour of a previously announced acquisition of Mettrum Health Corp. All conditions of an arrangement agreement dated November 30, 2016, as amended, and previously announced by the Companies on December 1, 2016 have been met and the transaction is now officially closed. With Mettrum under the canopy, the Company has created the largest legal cannabis business in the world. Moving forward this means additional production capacity, physician outreach opportunities, research, jobs and economic stimulus across Ontario and Canada.
With a strong portfolio of diverse national brands, unparalleled diversified production capacity, and a strong financial position, Canopy Growth is poised to continue its growth trajectory to meet the demand of domestic and international cannabis markets.
Canopy Growth team members from across the country will “ring the bell” to open trading on the TSX on February 1, 2017. The CGC team is looking forward to celebrating the acquisition of Mettrum, a new ticker, and is looking forward to continued Future Growth.
Watch it here in real time here https://www.youtube.com/watch?v=DGUI5rWwLMo or on BNN television.
An archive of the ceremony will also be made available at http://www.tsx.com/news/market-opens