Canopy Growth jumps from New York Stock Exchange to Nasdaq

Published on November 3, 2020 by oz. staff

Photo: Canopy Growth Corporation

Canopy Growth is transferring its U.S. stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market starting Nov. 13.

Common shares of Canopy Growth are expected to begin trading as a Nasdaq-listed security on Nov. 16, with the shares continuing to trade under the symbol ‘CGC.’

“By making the move over to Nasdaq, we are joining some of the world’s leading companies that share our passion and focus for innovation,” said Canopy Growth CEO David Klein.

“Making the transition to Nasdaq also provides us with greater cost-effectiveness and access to a suite of tools and services that will help us connect more efficiently with our current and future investors.”

Current retail and institutional investor shares will automatically be transferred over to Nasdaq and current shareholders are not required to take any action.