TMX Group (TSE:X) has launched its newest index, which tracks the performance of cannabis companies in North America trading on two of its exchanges.

The S&P/TSX Cannabis Index (TSX:XCAN) debuted on Monday (January 20), closing its first day of trading at C$230.24. As of 12:02 p.m. EST on Thursday (January 23) it sat at C$226.81.

The index tracks the performance of companies listed on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) that are “significantly involved in the cannabis market,” a press release reads.


Cannabis - Will The Fortune 500 Join The Party?

Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!

This benchmark index currently features 15 cannabis holdings with operations across the supply chain, from cultivation to research and development; the average constituent market cap is C$1.19 billion.

To be eligible for this exclusive list, firms’ shares need to be issued and trading for three months before the index’s quarterly rebalancing.

Constituent companies also need to maintain a float-adjusted market cap of or over C$180 million at the rebalancing date, among other requirements.

xcan stock chart jan 23

The index features some of the largest players in the Canadian cannabis space, including giants like Canopy Growth (NYSE:CGC,TSX:WEED) and Aphria (NYSE:APHA,TSX:APHA), as well as smaller firms.

Here is a list of the index’s current holdings ordered by weight:

  • Canopy Growth
  • Aurora Cannabis (NYSE:ACB,TSX:ACB)
  • Cronos Group (NASDAQ:CRON,TSX:CRON)
  • Aphria
  • Charlotte’s Web Holdings (TSX:CWEB,OTCQX:CWBHF)
  • Organigram Holdings (NASDAQ:OGI,TSX:OGI)
  • MediPharm Labs (TSX:LABS,OTCQX:MEDIF)
  • Auxly Cannabis Group (TSXV:XLY,OTCQX:CBWTF)
  • Valens GroWorks (TSXV:VLNS,OTCQX:VLNCF)
  • Village Farms International (NASDAQ:VFF,TSX:VFF)
  • Neptune Wellness Solutions (NASDAQ:NEPT,TSX:NEPT)
  • The Green Organic Dutchman (TSX:TGOD,OTCQX:TGODF)
  • Supreme Cannabis Company (TSX:FIRE,OTCQX:SPRWF)

The introduction of the new cannabis index follows TMX Group’s launch of a global version of the list, the S&P/MX International Cannabis Index (TSX:MCAN), last year.

The international index tracks companies that trade on the New York Stock Exchange and the NASDAQ, as well as the TSX and the TSXV, and it has 22 holdings across Canada, the US and the UK.

“Through our collaboration with TMX, we’re giving market participants a simple way to dissect and analyze this growing market segment,” said Joseph Kairen, senior director for indices at S&P Dow Jones Indices, in a December press release.

Eligibility criteria for the international index include a market cap of at least US$120 million and an average and median daily value traded of US$400,000.

Both of the indices are calculated and managed by S&P Dow Jones Indices.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Danielle Edwards, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: MediPharm Labs and Valens GroWorks are clients of the Investing News Network. This article is not paid-for content. 


Cannabis - Will The Fortune 500 Join The Party?

Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!

Ayurcann Holdings Corp. (CSE: AYUR) (the “Company” or “Ayurcann”) an integrated Canadian extraction company specializing in the processing of cannabis and hemp for the production of oils and various derivative products, announces the granting of stock options and restricted share units.

The Company has announced that it has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase an aggregate of 1,000,100 common shares under the Company’s Stock Option Plan. Each option is exercisable at a price of $0.16 per common share, expires three years from the date of grant and vest six months from the date of the grant.

Keep reading... Show less

A planned business merger between two leading cannabis producers hit a small delay this week as a critical vote got moved.

Meanwhile, a cannabis retail operator elected to celebrate 420 by auctioning a cannabis-themed digital art piece using blockchain technology.

Keep reading... Show less

Partnerships with Minardi Law , Minorities for Medical Marijuana, CultivatED, and the Georgia Justice Project will include clinics and virtual events across Florida , Georgia , and Massachusetts

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today a series of expungment clinics located throughout south and central Florida as well as virtual events in Georgia and Massachusetts . The clinics are part of the Company’s celebration of the 50 th anniversary of 420.

Keep reading... Show less

Seth Rogen’s New Cannabis Brand are Now Available at Apothecarium Dispensaries in San Francisco , Berkeley and Capitola

The Apothecarium is offering cannabis from Houseplant, the cannabis lifestyle brand founded by Seth Rogen and Evan Goldberg at its five California dispensaries. The Apothecarium has three San Francisco locations (Castro, SOMA and Marina ) and one each in Berkeley and Capitola (outside of Santa Cruz ).

Keep reading... Show less