TSX supports the planJohn McKenzie, the CEO of the TSX, not only gave Canopy a nod of approval, but encouraged other companies to look into similar ideas. "Canopy is a great issuer and worked with us directly on what they want to do structurally in the U.S.," he said. "That's something that we were able to get to with them, and it's a model that can be used with other Canadian issuers that want to take advantage of those same opportunities." He played coy when asked whether other issuers are already putting out feelers, replying, "That'll be time to tell." Mr. McKenzie's remarks may imply that non-Canadian cannabis issuers -- specifically, U.S. ones -- may also be welcome to restructure, put their U.S. assets under a Canadian parent company and then seek a TSX listing. U.S. operators are currently stuck on junior exchanges or trade over the counter. Canopy's work "could also enable U.S. [operators] to adopt the same structure and uplist to the TSX ... lead[ing] to a material increase in institutional ownership," mused the analysts at Jefferies in a new research note. They added that the TSX's openness may ultimately sway Nasdaq, due to the legal and regulatory precedent and (perhaps more importantly) due to "not wanting to see the TSX capture all the profits."