TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,819.94, up 201.47 points.)
The Toronto-Dominion Bank. (TSX:TD). Financials. Up 47 cents, or 0.55 per cent, to $85.51 on 17.1 million shares.
The Bank of Nova Scotia. (TSX:BNS). Financials. Up 49 cents, or 0.62 per cent, to $79.07 on 9.9 million shares.
Trevali Mining Corp. (TSX:TV). Materials. Up 1.3 cents, to 6.1 per cent, to 21.7 cents on 9.4 million shares.
The Royal Bank of Canada. (TSX:RY). Financials. Up $1.20, or 0.93 per cent, to $129.87 on 8.4 million shares.
B2Gold Corp. (TSX:BTO). Materials. Up six cents, or 1.24 per cent, to $4.92 on 7.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down eight cents, or 0.27 per cent, to $29.10 on 7.4 million shares.
Companies in the news:
Canopy Growth Corp. (TSX:WEED). Up 42 cents or 2.5 per cent to $16.97. Canopy Growth Corp. is preparing another route into the U.S. cannabis market with a new deal to acquire an edibles company, if Canada's neighbour moves to allow a key pot component. The Smiths Falls, Ont., cannabis company announced Thursday that it had reached an agreement to buy Boulder, Colo.-based Wana Brands, but only if tetrahydrocannabinol (THC), the main psychoactive component in cannabis, becomes federally permissible in the U.S. Though several states have legalized recreational cannabis, it's still illegal on a federal level, so many policy-makers are pushing for change. The U.S. market has become increasingly attractive for Canadian cannabis brands as they eye new opportunities for revenue growth, after two years of layoffs, downsizings and facility closures at large pot producers including Canopy, Aurora Cannabis Inc. and Tilray Inc. Pot companies are hoping that the U.S. federally legalizes cannabis, so they can quickly build on their experience in the Canadian market across the border. Under the agreement, Canopy will make an upfront cash payment of US$297.5 million and acquire three call option agreements to acquire Wana entities Mountain High Products LLC, Wana Wellness LLC and the Cima Group LLC.
Freshii Inc. (TSX:FRII). Up 12 cents or 5.9 per cent to $2.14. Freshii Inc. says it has signed a deal to buy a majority stake in health and wellness product retailer Natura Market ECommerce Inc., with rights to acquire the rest of the business through the first quarter of 2025. The Toronto-based company says it will pay $5.7 million plus potential performance incentives in return for the initial 60 per cent stake. It says the price for the remaining shares will be based on the company’s earnings before interest, taxes, depreciation and amortization for the relevant period. Freshii, which operates restaurants and sells nutritional supplement products in-store and online, says the deal marks a milestone in its expansion into the e-commerce wellness market. Natura Market, which recorded over $19 million in sales over the last 12 months and has no debt, will be run as a stand-alone business unit with the company's founder, Shakhzod Khabibov, staying on as president. Matthew Corrin, founder and CEO of Freshii, says Natura Market will make an immediate positive impact on Freshii's overall business.
This report by The Canadian Press was first published Oct. 14, 2021.
The Canadian Press