TMX Group: 3 Companies Recognized by the TSX30 Program
Three top-performing companies recently recognized by the Toronto Stock Exchange through the TSX30
The TSX30 is a program that recognizes the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation.
“The first thing it tells investors is that the venture exchange is an incredibly important economic engine for the Canadian economy. When we look at the TSX30, over 40 percent of those companies are ones that grew up on the venture exchange and have now graduated to the Toronto Stock Exchange and continued to perform,” says TSX VP, Global Business Development, Capital Formation Rob Peterman.
The Cronos Group
“It’s really exciting for us. We’re always really head down focused on what we can do to get better products and consumers every day,” says CEO, Mike Gorenstein.
Cronos Group Inc. (TSX: CRON, NASDAQ: CRON) is an innovative global cannabinoid company. They have international production and distribution across five continents. Further, Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. Moreover, the Company is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and two hemp-derived CBD brands, Lord Jones™ and PEACE+™. https://thecronosgroup.com/
“Listing on the Toronto Stock Exchange provided that platform for us to access international investors who understood the mining industry and in particular, the gold industry,” says CEO, Ronald Hochstein.
Lundin Gold Inc. (TSX: LUG) is headquartered in Vancouver, Canada, with a corporate office in Quito, Ecuador. Furthermore, the Company owns the Fruta del Norte gold mine in southeast Ecuador.
Fruta del Norte is, in fact, one of the few multi-million-ounce, high grade gold assets in production. Markedly, it reached commercial production in February 2020, ahead of schedule. The Company’s board and management team have extensive expertise in mine operations. Additionally, they’re dedicated to reaching name plate capacity at Fruta del Norte and growing the current resource through exploration. Lundin Gold will also look to grow the company through accretive transactions. https://www.lundingold.com/
Neptune Wellness Solutions
“Being part of the TSX30 is something that really is close to our company because it shows us that long term investment strategies pay off,” says Michael Cammarata.
Neptune Wellness Solutions Inc. (TSX: NEPT, NASDAQ: NEPT) is a diversified and fully integrated health and wellness company with 6 business units. Neptune is on a mission to redefine health and wellness. They’re also focused on building a broad portfolio of high quality, affordable consumer products. This is in response to long-term secular trends and market demand for natural, plant-based, sustainable and purpose-driven lifestyle brands. Moreover, the Company utilizes a highly flexible, cost-efficient manufacturing and supply chain infrastructure that can be scaled up and down or into adjacent product categories to identify new innovation opportunities, quickly adapt to consumer preferences and demand, and bring new products to market through its mass retail partners and e-commerce channels. https://neptunecorp.com/
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