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The S&P/TSX 60 index will add Canopy Development, an Ontario-primarily based cannabis business, on April 18.

Canopy is believed to be the initial cannabis business integrated in the Canadian Significant-Cap Index.

To be viewed as for the exclusive index, businesses need to meet particular marketplace capitalization, liquidity and domicile specifications.

Canopy, primarily based in Smiths Falls, trades on the Toronto Stock Exchange below the ticker symbol WEED and on the New York Stock Exchange as CGC.

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