Weed Broke the Canadian Stock Market

Article by Mack Lamoureux, Vice

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On Wednesday morning, six companies had their TSX trading halted after they tripped a circuit breaker during a massive spike in their stock prices.

The breakers are tripped when a stock climbs more than ten percent in five minutes.

The companies that tripped the breaker were Aphria, Aurora Cannabis, Mettrum Health Corp, OrganiGram, Canopy Growth, and Supreme Pharmaceuticals—all of which deal in the wonderful world of marijuana.

That’s right folks, weed kind of broke the TSX.

The Financial Post reported that trading on the companies was halted after some experienced up to a 44 percent surge. The halts occurred because the massive uptick tripped a “single stock circuit breaker,” they were removed from the stocks shortly after they were issued.

People out there really want to get their hands on that sticky icky.

The Investment Industry Regulatory Organization of Canada is in charge of these halts and they that they “are implemented to ensure a fair and orderly market.”

Read full article here.

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