Canopy Growth (TSXV:CGC) has received conditional approval to graduate from the TSX Venture to the Toronto Stock Exchange. Final approval is subject to the company meeting all standard requirements on or before September 1.
As quoted in the publication:
Canopy Growth was the first federally approved, publicly traded cannabis producer in North America when it listed on the TSX Venture Exchange in April 2014. It was also the first geographically diversified producer with multiple production licenses and the first in the sector to surpass $100M market capitalization.
Bruce Linton, Canopy chairman and CEO, said:
Graduating to the TSX, and to be the first in the sector to achieve it, is a major accomplishment for our team. The sector is growing rapidly and we have focused on maintaining our leadership position as it grows. Listing on the TSX will bring even more visibility and credibility as we pursue domestic and international business.