Canadian medical cannabis grower added to key stock index
The Canadian cannabis industry has taken another leap toward the mainstream now that Canopy Growth Corp. is being added to the influential S&P/TSX Composite Index.
Canopy, one of Canada’s federally licensed medical marijuana cultivators, will be the country’s first cannabis company to be included in the index’s health care sector, The Globe & Mail reported.
The company, which trades on the Toronto Stock Exchange, will be added to the index prior to the start of trading next Monday.
Institutional investors and index funds rely on the S&P/TSX index when deciding which stocks to purchase, according to the newspaper. Canopy’s