TSX to launch new pot index next week

By James Langton | January 14, 2020 | Last updated on January 14, 2020
1 min read
a farmer puts his marijuana plant into soil, related to pot index
123RF/Eric Limon

The Toronto Stock Exchange (TSX) is set to launch a new index that tracks locally listed cannabis companies next week.

The exchange announced that the new S&P/TSX Cannabis Index (XCAN) will be released on Jan. 20.

The new index measures the performance of cannabis companies that trade on either the TSX or the TSX Venture Exchange (TSXV).

The index methodology will be released on Jan. 20 as well, when ‚Äčthe new index is added to real-time data feeds.

In November, the TSX launched the S&P/MX International Cannabis Index, an international index that tracks cannabis companies traded on the New York Stock Exchange (NYSE), NASDAQ, TSX and TSXV.

James Langton headshot

James Langton

James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994.