Toronto Stock Exchange Agrees to Canopy's U.S. Hemp Plan Despite Nasdaq's Opposition

Canopy Growth's proposed structure to accelerate its access to the U.S. cannabis market complies with exchange rules, said the CEO of the Toronto Stock Exchange (TSX), where Canopy shares are traded on the Toronto Stock Exchange (TSX) under WEED and on the Nasdaq under CGC. The day before the TSX expressed support, the New York-based Nasdaq stock exchange opposed the Canadian company's plan to eventually consolidate Canopy USA's financial results, according to a regulatory filing with the U.S. Securities and Exchange Commission. Analysts said that raised questions about whether Ontario cannabis producer Canopy could list its shares on Nasdaq if it went ahead with the plan.

Information source: new.qq.com/omn/author/8713560