Betting Bruiser Goes For Clickbait Again Posting That TSX Will Allow Its Listed Companies To Invest In US Cannabis

According to Insider Cannabis’ exchange with a TMX  spokesperson below it’s bullshit

Meanwhile in the 3 year old’s playground (and by the way it is “their” not “there” ) …..

 

Insider Cannabis reports.…There’s a rumor floating around the heavily engaged cannabis Twitter and Reddit-verse that the Toronto Stock Exchange is going to update its rules to allow listed companies to invest in the US cannabis industry. If true, that could be a watershed moment: US cannabis companies like Curaleaf, Trulieve, and Green Thumb Industries, would likely move from the CSE and over-the-counter exchanges to access deeper-pocketed investors plying the TSX.

And it’s possible that Canadian cannabis companies like Tilray, Canopy Growth, and Cronos Group would decamp from the Nasdaq to the TSX so they could invest in the US.

But, a spokesperson for the TMX Group, which owns the TSX, told me, basically, not so fast:

“We continue to monitor the evolution of the industry. Our position has not changed with respect to U.S. cannabis law. Nothing more I can add beyond that,” TMX Group spokesperson Catherine Kee said in an email.

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