RE:Canadian Securities Exchange "Marijuana List" and the CDSlink to marijuana list didnt work. Try the following link for the list or try googling CSE marijuana list to get access to list.
CSE Marijuana List or
google "CSE Marijuana List" this should pull up a pdf file that you can click on to retrieve list.
M
Monteviale wrote: The marijuana list below needs to be updated but includes most of the cannabis companies listed on the CSE. It contains a brief description of each company and provides links to their web sites.
[url=https://thecse.com/sites/default/files/resource/CSE_Cannabis_Stock_List.pdf]CSE Marijuana List
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Ten of the 46 Cannabis issuers on the CSE have exposure to the US Markets - and the CSE wants to attract more of these companies to list on it's excahnge.
The CDS issue is not an Aphria issue, but an industry wide issue. If the CDS were to halt trading of shares of Canadian listed cannabis companies doing business in the USA (more than 12 comapnies), it would be unprecedented in Canadian market history. All security commissions in Canada and the Minister of Finance would be involved in any decsion to halt clearing of cannabis shares by the CDS. The CDS cannot unilaterally make the decsion on its own.
Halting of trading stocks by the CDS is not going to happen, because it would be far to extreme. No one is in favour (sorry Bruce) of putting the breaks on what is about to become the single greatest economic impact to the Canadian economy in decades.
In the Globe article below, reporter Christina Pellegrini discusses the possible option of the CDS banning cannabis stocks with US interests from being cleared. This statement received a lot of press lately. However their is no discussion of how that decsion would be made. Ironically, no attention was given to her comment that one of the alternatives is
"maintaining the status quo". If this ends up being the case, then Aphria got away with one and will clearly have an advantage over other cannabis companies wanting to list on the TSX. Companies declined by the TSX can always list on the CSE.
IMO it is far more likely that the staus quo will be maintained by the TSX. The TSX will continue to review cases on a case by case basis. They have already stated this. For those companies who are unsuccessful in listing with the TSX (should they want to do business in the US), they can always list with the CSE. This is what Liberty Health Sciences Inc did.
Halting of trading by the CDS of all canadian listed cannabis companies doing business in the USA (now totalling more than 12 companies) is not going to happen.
If there is a risk to canadian listed cannabis companies doing business in the USA it flows from the federal vs. state rights arguement. Ultimately, in my opinion, the TMX and the CDS will not infringe on what is a US issue. As long as companies wanting to do business in the US make complete disclosure the CSE will continue to list those companies.
Canadian Securities Exchange to pot firms with U.S. ties: We’re open for business[/quote]