Funds That Track The Core Index Will Now Be Buying
WEED
SMITHS FALLS, ON, March 10, 2017 /PRNewswire/ - Canopy Growth
Corporation (TSX: WEED) ("Canopy Growth" or "the Company") today
announced that by being added to the S&P/TSX Composite Index,
it has achieved another major "first" in the cannabis industry.
Management expects this to drive liquidity and increase the
percentage of institutions holding Canopy Growth positions. In
short, more investors than ever will be buying and holding
WEED.
"Being added to the index is an important accomplishment and a
reflection of the work we've done to put Canopy Growth top of mind
in the investment community," said Bruce
Linton, Chairman & CEO. "With international operations,
high profile partnerships, and expansion plans all developing
rapidly, being included in the index acts as another layer of
credibility investors can point to."
The Company was added to the S&P/TSX Composite Index
following a quarterly review by S&P Dow Jones Indices. The
change will be effective after the close of trading on Friday, March 17, 2017.
To be eligible for inclusion on the S&P/TSX Composite Index,
securities must meet certain market capitalization, liquidity and
domicile requirements. In addition, securities must be listed on
the Toronto Stock Exchange for at least six full calendar months as
of the month-end prior to the applicable quarterly review. For more
information on the S&P/TSX Composite Index, please visit
http://ca.spindices.com/indices/equity/sp-tsx-composite-index.
About Canopy Growth Corporation
Canopy Growth is a
world-leading diversified cannabis company, offering diverse brands
and curated cannabis strain varieties in dried and oil extract
forms. Through its wholly‑owned subsidiaries, Canopy Growth
operates numerous state-of-the-art production facilities with over
half a million square feet of indoor and greenhouse production
capacity. Canopy Growth has established partnerships with
leading sector names in Canada and abroad. For more
information visit www.canopygrowth.com.
Notice Regarding Forward Looking Statements
This news
release contains forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"estimates", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of Canopy Growth Corporation and its subsidiaries to
be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. The forward-looking statements included in this news
release are made as of the date of this news release and Canopy
Growth Corporation does not undertake an obligation to publicly
update such forward-looking statements to reflect new information,
subsequent events or otherwise unless required by applicable
securities legislation.
SOURCE Canopy Growth Corporation