(Photo Credit - Ervins Strauhmanis)
As a result of the semi-annual review of the S&P/TSX Revenue Exposure Indices, Canopy Growth Corp. (TSX:WEED) (OTC:TWMJF) has unfortunately been cut.
Canopy has been deleted from two of the S&P/TSX Revenue Exposure Indices including the S&P/TSX Composite Canada Revenue Exposure Index and the S&P/TSX Composite Focused Canada Revenue Exposure Index. These changes will be effective prior to the open of trading on Monday, November 20, 2017.
The good news for Canopy is that there does not seem to be any ETFs tied to these indices. While there are presumably some assets tied to these indices, we are not expecting any rebalance-related selloff.
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