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The CSE Launches New CSE25 Index for Largest Listed Companies

September 19, 2017

 

Yesterday, the Canadian Securities Exchange, a.k.a. the CSE, announced the launch of a brand new index. The new CSE25 index is comprised of the securities of the largest companies trading on the exchange, including a handful of cannabis-related investments. 

 

According to the release, the CSE25 Index is a subgroup of the recently re-balanced CSE Composite Index. The new index includes the top twenty-five securities by market capitalization contained in the composite index, which account for over 50% of the weighting in the larger index and are typically stocks that attract considerable trading volume.

 

Of the 25 companies included in this new index, 17 are cannabis-related. With a combined weighting in the index, cannabis companies represent 76.18% of the new CSE25 Index, making it a great benchmark to track the performance of the Canadian cannabis sector. As you'll see in the index component list below, marijuana-related companies are in bold

 

  1. Liberty Health Sciences Inc. (CSE:LHS) - 14.31% Weighting

  2. CannTrust Holdings Inc. (CSE:TRST) - 13.00% Weighting

  3. Urbana Corporation A NV (CSE:URB.A) - 6.25% Weighting

  4. Alternate Health Corp. (CSE:AHG) - 5.69% Weighting

  5. Maricann Group Inc. (CSE:MARI) - 5.13% Weighting

  6. CannaRoyalty Corp. (CSE:CRZ) - 4.90% Weighting

  7. The Canadian Bioceutical Corp. (CSE:BCC) - 4.11% Weighting

  8. Marapharm Ventures Inc. (CSE:MDM) - 3.96% Weighting

  9. Oriental Non-Ferrous Resources Development Corp. (CSE:URG) - 3.68% Weighting

  10. Golden Leaf Holdings Ltd. (CSE:GLH) - 3.56% Weighting

  11. MGX Minerals Inc. (CSE:XMG) - 3.13% Weighting

  12. Drone Delivery Canada Corp. (CSE:FLT) - 2.99% Weighting

  13. THC Biomed Intl Ltd. (CSE:THC) - 2.88% Weighting

  14. Isodiol International Inc. (CSE:ISOL) - 2.82% Weighting

  15. InMed Pharmaceuticals Inc. (CSE:IN) - 2.76% Weighting

  16. Cannabix Technologies Inc. (CSE:BLO) - 2.54% Weighting

  17. Namaste Technologies Inc. (CSE:N) - 2.22% Weighting

  18. iAnthus Capital Holdings Inc. (CSE:IAN) - 2.22% Weighting

  19. Valens Groworks Corp. (CSE:VGW) - 2.22% Weighting

  20. Metalla Royalty and Streaming Ltd. (CSE:MTA)  2.02% Weighting

  21. Star Navigation Systems Group Ltd. (CSE:SNA) - 2.02% Weighting

  22. Lifestyle Delivery Systems Inc. (CSE:LDS) - 1.95% Weighting

  23. MYM Nutraceuticals Inc. (CSE:MYM) - 1.91% Weighting

  24. Micromem Technologies Inc. (CSE:MRM) - 1.81% Weighting

  25. RESAAS Services Inc. (CSE:RSS) - 1.80% Weighting

 

Richard Carleton, CEO of the CSE commented that "as the exchange has grown rapidly in terms of trading volumes and market capitalization it is appropriate that we give market participants a benchmark that monitors the performance of our largest and most liquid issues. As the 'exchange for entrepreneurs' we are proud of their success in the Canadian capital markets."

 

As cannabis-related issuers have flocked to the CSE for its lower listing fees and laxer listing requirements, investor awareness and trading volume at the CSE has grown tremendously. The turnover of the entire market measured by the value of trading divided by the total market cap has averaged 6.6% per month in the year to date, which represents a level of market activity unrivaled in the Canadian exchange space.

 

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