Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,612.81, up 68.57 points).
Goldcorp Inc. (TSX:G). Materials. Down 49 cents, or 3.28 per cent, to $14.43 on 42.2 million shares.
Prometic Life Sciences. Inc. (TSX:PLI). Health care. Unchanged at five cents on 8.9 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Up eight cents, or 0.67 per cent, to $12.03 on 8.7 million shares.
Hexo Corp. (TSX:HEXO). Health care. Up 14 cents, or 1.58 per cent, to $8.99 on 6 million shares.
Aphria Inc. (TSX:APHA). Health care. Down 22 cents, or 2.1 per cent, to $10.25 on 5.9 million shares.
Crescent Point Energy Corp. (TSX:CPG). Energy. Down 10 cents, or 1.79 per cent, to $5.48 on 5.8 million shares.
Canopy Growth Corp. (TSX:WEED). Up $2.53 or 4.4 per cent to $59.64. Canopy Growth Corp. has struck a deal to buy U.S. company Acreage Holdings Inc. for US$3.4 billion, but only if cannabis becomes federally legal in the United States. The Smiths Falls, Ont.-based company on Thursday announced its plans to create a “global cannabis powerhouse” and outlined a complex transaction which would give Canopy a foothold in the massive, lucrative U.S. market. While cannabis is legal for medical and recreational purposes in several U.S. states, it remains illegal at the federal level.
Rogers Communications Inc. (TSX:RCI.B). Down $2.04 or 2.9 per cent to $68.90. Rogers Communications Inc. and the wireless industry experienced an unusually slow first quarter, but the company is on track to meet its full-year estimates, chief executive Joe Natale said Thursday. The wireless, cable, internet and media company’s profit and revenue fell short of analyst estimates. Its net income fell to $391 million from $425 million as revenues dropped to $3.59 billion from $2.63 billion in the same quarter last year.
TransAlta Corp. (TSX:TA). Down 26 cents or 2.7 per cent to $9.42. TransAlta says Mangrove Partners has withdrawn an application to the Alberta Securities Commission for a hearing related to an investment deal with Brookfield Renewable Partners that would see it invest $750 million in TransAlta’s hydro assets. Mangrove had sought a joint hearing with the Alberta regulator and the Ontario Securities Commission regarding its desire for a shareholder vote on the Brookfield transaction. The U.S. investors argued the Brookfield deal was “rushed” and prevented TransAlta from looking at potential better options.
The Canadian Press