Canopy Growth Corporation (TSX: WEED) announced on May 14th that the company has applied for listing on the New York Stock Exchange (NYSE). The current estimate for Canopy Growth to begin trading on the NYSE is before the end of this month if all approvals are gained ahead of time.
Canopy Growth shares will trade on the NYSE with the symbol “CGC”. Canopy’s trading position on TSX will continue to trade under the symbol “WEED”.
The company will be the second Canadian cannabis company to publically trade in the U.S. stock market. Canopy Growth, if approved, will be the first cannabis producer to trade on the NYSE.
On the date of the announcement from Canopy, the value of WEED increased significantly and closed trading at a 6.86% increase. On May 15th the stock also increased in value by 0.40%.