TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,101.38, down 389.63 points.)
Manulife Financial Corp. (TSX:MFC). Financials. Down 31 cents, or 1.3 per cent, to $22.73 on 22.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 52 cents, or 0.9 per cent, to $57.02 on 15.6 million shares.
Western Energy Services Corp. (TSX:WRG). Energy. Down half a cent, or 16.7 per cent, to 2.5 cents on 11.2 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 52 cents, or 1.1 per cent, to $48.60 on 9.9 million shares.
Royal Bank of Canada (TSX:RY). Financials. Down $1.25, or one per cent, to $125.97 on eight million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 79 cents, or three per cent, to $25.45 on 7.5 million shares.
Companies in the news:
Canopy Growth Corp. (TSX:WEED). Down 36 cents or 4.5 per cent to $7.18. Canopy Growth Corp. has signed a deal that will give it the right to acquire California cannabis company Jetty Extracts, if the U.S. federally legalizes the main ingredient in marijuana. The deal announced Wednesday is structured as two separate option agreements that give a subsidiary Smiths Falls, Ont.-based Canopy set up the ability to acquire up to 100 per cent of Jetty's equity interests upon legalization or if Canopy exercises its rights earlier. Under the agreements, Canopy will make aggregate and upfront payments of cash and common shares totalling about US$69 million in exchange for a 75 per cent interest in Jetty, which is registered as Lemurian, Inc. Once Canopy exercises its right to acquire all of the interests, it will begin making extra payments through cash and common shares. The deal is meant to lay the groundwork for Canopy's expansion into the U.S. should the country look to turn its patchwork of cannabis policies into a single federal stance.
This report by The Canadian Press was first published May 18, 2022.
The Canadian Press