“POT” Stock Symbol Lottery
While this bulletin will likely only pertain to the cannabis sector, it is the first time we’ve seen the lottery process for a stock symbol, so we wanted to share it for those who may be interested in applying for it. The “POT” stock symbol becomes available for reservation and usage on February 1, 2019, and due to significant interest in acquiring the symbol the TSX Venture Exchange, Toronto Stock Exchange, Canadian Securities Exchange, and the Aequitas NEO Exchange are working together to host a lottery to award the symbol to an issuer.
To participate in the lottery process, eligible participants must notify the Exchange upon which they are currently listed or seeking to be listed, of the intent to participate in the lottery process later than 5:00p.m. ET on January 29, 2019. There are no fees payable to participate in the lottery process.