Marijuana Firm Says TMX Trade Shift Would Undermine System

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Marijuana Firm Says TMX Trade Shift Would Undermine System

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Any move by the Toronto Stock Exchange owner to stop settling trade for marijuana companies with U.S. operations would undermine the market’s regulatory system, according to one Canadian pot company.

CannaRoyalty Corp. already went through a “very formal” review with the Ontario Securities Commission in which its operations and assets were scrutinized before being allowed to list on an exchange, said Chief Executive Officer Marc Lustig.

“We have a legal strategy that’s been initiated,” Lusting said by phone.

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