Edmonton, Alberta-based Aurora Cannabis has been deleted from the S&P/TSX Composite Index, according to the latest quarterly review announced by S&P Dow Jones Indices.
The S&P/TSX Composite is the primary gauge for Canada-based, Toronto Stock Exchange-listed companies.
Aurora’s stock was originally added to the index in 2018.
A news release by S&P Dow Jones Indices – a division of S&P Global – doesn’t specify exactly why Aurora and three other companies were dropped from the benchmark index stemming from the routine review.
The other companies were:
- Aecon Group, a construction company.
- Dream Office REIT, of the real estate industry.
- New Gold, of the gold sector.
Oher companies took the deleted businesses’ spots on the index.
Back in March, Canopy Growth Corp. was removed from the S&P/TSX 60 Index.
Canopy had been added to that index in 2019.
The Smiths Falls, Ontario-based company’s stock had fallen almost 90% since its debut on the index in April 2019.