Nept added to TD Bank approved list TD Bank adds 16 more cannabis stocks to approved list
Clare O’Hara and Christina Pellegrini
Toronto-Dominion Bank is getting more comfortable with the cannabis sector.
The bank made an unusual move in April to restrict how its investment advisers could talk to clients about the burgeoning industry, banning staff from recommending all but three Canadian pot stocks. At the time, TD said it approved medical marijuana growers Canopy Growth Corp., Emerald Health Therapeutics Inc. and Emblem Corp. because they don’t have any exposure to the United States, where the drug is prohibited under federal law but legal in certain states.
TD has been reviewing the space and is now adding 16 more cannabis firms to its approved list of equities, including Cronos Group Inc. and CannTrust Holdings Inc., according to a June 27 e-mail sent to advisers. Five of these companies are listed on the Toronto Stock Exchange and 11 are listed on the TSX Venture Exchange.
Here’s the full list of pot stocks that TD has approved:
Canopy Growth Corp. -WEED
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Emblem Corp. -EMC
Emerald Health Therapeutics -EMH
Cronos Group Inc. -CRON
Naturally Splendid Ent Ltd. -NSP
Weedmd Inc. - WMD
Tetra Bio-Pharma Inc. -TBP
Supreme Cannabis Co. Inc. -FIRE
Medreleaf Corp. -LEAF
Hydropothecary Corp.-HEXO
Abcann Global Corp. -ABCN
Newstrike Resources Ltd. -HIP
ICC Labs Inc. -ICC
Harvest One Cannabis Inc. -HVT
Delta 9 Cannabis Inc. -NINE
National Access Cannabis Corp. -META
CBD Med Research Corp. -CBM/H
Neptune Technologies & Bioress -NEPT
Canntrust Holdings Inc. -TRST
https://www.theglobeandmail.com/investing/article-toronto-dominion-bank-opens-up-to-cannabis-sector