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 Growth will become the first cannabis company on the NYSE. The inflow from US investors, foreign investors, and index funds will mean only one thing: a spike in the stock price. It closed at $30.3 last Friday. Let's see where it is by the end of May.
And then the June 7 vote arrives ...