Canada’s Canopy development becomes cannabis that are first to list on NYSE
Canopy development Corp this week became the first cannabis company to trade on this new York Stock Exchange. The NYSE listed Canopy Development on Thursday beneath the ticker sign CGC, marking a massive milestone for the cannabis industry as a whole.
Relating to analysts, Canopy Growth’s move means the cannabis industry becomes more available to investors, both retail and institutional, and may draw established banks that are american financial organizations to your cannabis sector.
an unexpectedly chilly greeting from investors
The company’s first into the NYSE, nonetheless, failed to have the hot reception it can have desired from investors.