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Marijuana Stocks On The Toronto Stock Exchange

May 25, 2017

 

While a great majority of the marijuana-related stocks out there trade over-the-counter or on the other Canadian exchanges (TSX Venture and Canadian Securities Exchange), there are a few cannabis companies (and one ETF) that are listed on the Toronto Stock Exchange. 

 

All three of the marijuana stocks currently listed on the TSX are Licensed Producers under the ACMPR

 

The Companies: 

 

Canopy Growth Corp. (TSX:WEED


Canopy Growth Corp. is billed as the first marijuana industry unicorn with a market cap hovering around $1 Billion USD at the time of this writing. Canopy Growth Corp. was also the first cannabis company to be added to the S&P/TSX Composite Index

 

Aphria Inc. (TSX:APH)

 

Aphria describes itself as one of the lowest cost producers because of their greenhouse growing method. Aphria has also invested in numerous cannabis-related companies, including Canabo Medical and Resolve Digital Health. Aphria is also making a push to enter the U.S. through their investments in DFMMJ and related agreements with Florida licensed producer, Chestnut Hill Tree Farm. 

 

CanniMed Therapeutics (TSX:CMED)

 

CanniMed was the first cultivator to be licensed under the Marihuana for Medical Purposes Regulations (MMPR), the predecessor to today's ACMPR. For thirteen years, their wholly-owned subsidiary, Prairie Plant Systems was the lone supplier of medical marijuana to Health Canada. CanniMed has also completed an export of cannabis oil to the Cayman Islands, and was the first company to export commercial cannabis oil to Australia

 

Horizons Medical Marijuana Life Sciences ETF (TSX:HMMJ

 

Although not technically a stock, the Horizons Medical Marijuana Life Sciences ETF is listed on the Toronto Stock Exchange. Additionally, the three other TSX listed cannabis companies are all constituents of the North American Medical Marijuana Index, the index that HMMJ seeks to track. 

 

Conclusion

 

To view marijuana stock profiles for any of the Toronto Stock Exchange listed companies, be sure to visit our TSX database here, or use the linked tickers above. Cannabis investment profiles include in-depth company descriptions along with custom stock charts and recent news. 

 

As the industry continues to blossom (especially in Canada) we expect to see more marijuana companies going public or up-listing on the TSX. 

 

Now check out the marijuana stock listed on the Tokyo Stock Exchange!

 

Be sure to sign up for one or more of our free newsletters so you never miss an important marijuana update. Also, don't forget to connect with The Daily Marijuana Observer on Facebook, Twitter, and Instagram

 

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.