TMX Group Launches New TSX Cannabis Index

The index tracks the performance of companies listed on the TSX and TSXV that are “significantly involved in the cannabis market.”

TMX Group (TSE:X) has launched its newest index, which tracks the performance of cannabis companies in North America trading on two of its exchanges.

The S&P/TSX Cannabis Index (TSX:XCAN) debuted on Monday (January 20), closing its first day of trading at C$230.24. As of 12:02 p.m. EST on Thursday (January 23) it sat at C$226.81.

The index tracks the performance of companies listed on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) that are “significantly involved in the cannabis market,” a press release reads.

This benchmark index currently features 15 cannabis holdings with operations across the supply chain, from cultivation to research and development; the average constituent market cap is C$1.19 billion.

To be eligible for this exclusive list, firms’ shares need to be issued and trading for three months before the index’s quarterly rebalancing.

Constituent companies also need to maintain a float-adjusted market cap of or over C$180 million at the rebalancing date, among other requirements.

xcan stock chart jan 23

The index features some of the largest players in the Canadian cannabis space, including giants like Canopy Growth (NYSE:CGC,TSX:WEED) and Aphria (NYSE:APHA,TSX:APHA), as well as smaller firms.

Here is a list of the index’s current holdings ordered by weight:

  • Canopy Growth
  • Aurora Cannabis (NYSE:ACB,TSX:ACB)
  • Cronos Group (NASDAQ:CRON,TSX:CRON)
  • Aphria
  • Charlotte’s Web Holdings (TSX:CWEB,OTCQX:CWBHF)
  • Organigram Holdings (NASDAQ:OGI,TSX:OGI)
  • MediPharm Labs (TSX:LABS,OTCQX:MEDIF)
  • HEXO (NYSE:HEXO,TSX:HEXO)
  • Auxly Cannabis Group (TSXV:XLY,OTCQX:CBWTF)
  • Valens GroWorks (TSXV:VLNS,OTCQX:VLNCF)
  • Village Farms International (NASDAQ:VFF,TSX:VFF)
  • Neptune Wellness Solutions (NASDAQ:NEPT,TSX:NEPT)
  • PharmaCielo (TSXV:PCLO,OTCQX:PCLOF)
  • The Green Organic Dutchman (TSX:TGOD,OTCQX:TGODF)
  • Supreme Cannabis Company (TSX:FIRE,OTCQX:SPRWF)

The introduction of the new cannabis index follows TMX Group’s launch of a global version of the list, the S&P/MX International Cannabis Index (TSX:MCAN), last year.

The international index tracks companies that trade on the New York Stock Exchange and the NASDAQ, as well as the TSX and the TSXV, and it has 22 holdings across Canada, the US and the UK.

“Through our collaboration with TMX, we’re giving market participants a simple way to dissect and analyze this growing market segment,” said Joseph Kairen, senior director for indices at S&P Dow Jones Indices, in a December press release.

Eligibility criteria for the international index include a market cap of at least US$120 million and an average and median daily value traded of US$400,000.

Both of the indices are calculated and managed by S&P Dow Jones Indices.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Danielle Edwards, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: MediPharm Labs and Valens GroWorks are clients of the Investing News Network. This article is not paid-for content. 

Featured
Now in Ten States, B NOBLE Partnership Advances Social Equity in Cannabis and Provides Opportunity to Those Directly Impacted by the War on Drugs B NOBLE Inc. and Curaleaf, a leading international provider of consumer products in cannabis, today announced the expansion of its B NOBLE partnership into medical dispensary locations in New York . This expansion is one of the first partnerships of its kind in New York as ...

Now in Ten States, B NOBLE Partnership Advances Social Equity in Cannabis and Provides Opportunity to Those Directly Impacted by the War on Drugs

B NOBLE Inc. and Curaleaf, a leading international provider of consumer products in cannabis, today announced the expansion of its B NOBLE partnership into medical dispensary locations in New York . This expansion is one of the first partnerships of its kind in New York as the New York Cannabis Control Board recently approved whole flower as part of its medical marijuana offerings in late October.

read more Show less
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors ofCronos Group Inc. for violations of the securities lawsThe investigation focuses on whether the Company issued false andor misleading statements andor failed to disclose information pertinent to investors. Cronos filed a Form 8-K with the SEC on November 9, 2021, disclosing that the ...

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors ofCronos Group Inc. ("Cronos" or "the Company") (NASDAQ:CRON) for violations of the securities laws

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cronos filed a Form 8-K with the SEC on November 9, 2021, disclosing that the Company would "be required to restate its previously issued unaudited interim financial statements for the three and six months ended June 30, 2021" and that "the Company's financial statements for this period should therefore no longer be relied upon." Based on this news, shares of Cronos fell by nearly 16%.

read more Show less
The company's first ESG report outlines efforts to operate with integrity and support long-term sustainability Trulieve Cannabis Corp. the largest multi-state operator in the United States today announced the publication of its first Environmental, Social, and Governance Report . The Report contains standard disclosures from the Global Reporting Initiative Sustainability Reporting Standards, The Sustainability ...

The company's first ESG report outlines efforts to operate with integrity and support
long-term sustainability

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), the largest multi-state operator (MSO) in the United States today announced the publication of its first Environmental, Social, and Governance (ESG) Report (the "Report"). The Report contains standard disclosures from the Global Reporting Initiative (GRI) Sustainability Reporting Standards, The Sustainability Accounting Standards Board (SASB) as well as the United Nations Sustainable Development Goals. The Report highlights ESG achievements to date and serves as a foundation for demonstrating how the Company's ESG approach, strategies and commitments are embedded within its core business.

read more Show less

MARKETS

Markets
TSX21149.00+23.10
TSXV954.26+10.21
DOW35135.94+236.60
S&P 5004655.270.00
NASD15782.83+291.18
ASX7239.80-39.50

COMMODITIES

Commodities
Gold1792.84+6.21
Silver22.88-0.04
Copper4.32-0.02
Palladium1761.50-27.42
Platinum954.00-11.99
Oil68.13-1.82
Heating Oil2.11-0.04
Natural Gas4.52-0.34