Pot indexes to launch this month

By Staff | November 6, 2019 | Last updated on November 6, 2019
1 min read
a farmer puts his marijuana plant into soil, related to pot index
123RF/Eric Limon

A couple of new cannabis-focused indexes are coming to Toronto Stock Exchange’s (TSX) data feeds.

The TSX announced that three new indexes are going to be released on the TSX Real-Time Index (TX1) feed in mid to late November. Two of the new indexes are focused on the cannabis sector.

The S&P/TSX Cannabis Index will track the performance of cannabis companies that are trading on either the TSX or the TSX Venture Exchange (TSXV). The ​S&P/MX International Cannabis Index will track companies that are trading on the New York Stock Exchange (NYSE) or NASDAQ, along with the TSX and the TSXV.

The third new index, the S&P/TSX SmallCap Select Index, includes companies that are part of the S&P/TSX SmallCap Index that “have a demonstrated track record of generating positive earnings.”

The exchange says that the indexes’ methodologies will be disclosed closer to their launch.

Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.