Hexo Corp. is losing its spot on the S&P/TSX Composite Index, a benchmark group of shares representing the Canadian fairness market.
The change will take impact June 22, in accordance to a information launch issued by index operator S&P Dow Jones Indices after markets closed Friday.
The Ontario-based firm is the one hashish producer amongst 14 corporations set to be eliminated from the index in its quarterly evaluate.
Other Canadian marijuana corporations nonetheless listed within the index embody:
- Canopy Growth.
- Cronos Group.
- Aurora Cannabis.
The S&P/TSX Composite Index has about 250 massive corporations, comparable to the S&P 500 index within the United States.