Jump to content

Aphria Inc (U.S.) & Aurora Cannabis Inc -(U.S.)


h7

Recommended Posts

Hey gang,

Could you tell me why theses 2 Cannabis stocks are not available on the Share Trading platform.

APHA  ( Aphria)  & ACB (Aurora) both listed on the NYSE now.

They are available on the CFD.

Is it possible to make them available to buy in the share platform?

 

Regards

HT

Link to comment

Got the below mail from IG last night. Very frustrating. I'm sure this will force some people to take a loss. Absolute p**s take.

 

What broker are people looking at taking their stocks to after this? 

 

"Due to the evolving political and regulatory landscape surrounding recreational cannabis-related securities, we have decided to stop offering share dealing on the below cannabis stocks.

Please note that CFD trading and spread betting on cannabis stocks and our soon-to-be-launched Cannabis Index will not be affected. You can continue to access these markets as normal.

Which stocks are no longer available for share dealing?
With immediate effect, you can no longer invest in the following companies and ETFs with IG:
Aphria (US) Aurora Cannabis (US)
Bod Australia Cann Global
CannTrust Canopy Growth (US)
Corbus Pharmaceuticals Creso Pharma
Cronos Group (US) Elixinol Global
eSense-Lab ETFMG Alternative Harvest ETF
HEXO Corp Innovative Industrial Properties
Insys Therapeutics Lifespot Health
New Age Beverages Stemcell United
Tilray
What will happen to my existing shareholdings?
If you are invested in the affected companies with IG, you’ll need to sell your shares no later than 11.59pm UK time on Thursday 23 May 2019. If you have not sold your shares by 12am midnight on 24 May, we will have to sell them on your behalf at the prevailing price and return the funds to you.

Please note that, given the current uncertainty, we cannot transfer your share dealing positions to alternative brokers. We’re sorry for any inconvenience this causes you.
We're here to help
If you have any questions about this or need assistance with your account, our highly trained client services team is available by phone or email 24 hours a day from 8am Saturday to 10pm Friday.

Kind regards

IG"
Link to comment
15 hours ago, LLD said:

Got the below mail from IG last night. Very frustrating. I'm sure this will force some people to take a loss. Absolute p**s take.

 

What broker are people looking at taking their stocks to after this? 

 

"Due to the evolving political and regulatory landscape surrounding recreational cannabis-related securities, we have decided to stop offering share dealing on the below cannabis stocks.

Please note that CFD trading and spread betting on cannabis stocks and our soon-to-be-launched Cannabis Index will not be affected. You can continue to access these markets as normal.

Which stocks are no longer available for share dealing?
With immediate effect, you can no longer invest in the following companies and ETFs with IG:
Aphria (US) Aurora Cannabis (US)
Bod Australia Cann Global
CannTrust Canopy Growth (US)
Corbus Pharmaceuticals Creso Pharma
Cronos Group (US) Elixinol Global
eSense-Lab ETFMG Alternative Harvest ETF
HEXO Corp Innovative Industrial Properties
Insys Therapeutics Lifespot Health
New Age Beverages Stemcell United
Tilray
What will happen to my existing shareholdings?
If you are invested in the affected companies with IG, you’ll need to sell your shares no later than 11.59pm UK time on Thursday 23 May 2019. If you have not sold your shares by 12am midnight on 24 May, we will have to sell them on your behalf at the prevailing price and return the funds to you.

Please note that, given the current uncertainty, we cannot transfer your share dealing positions to alternative brokers. We’re sorry for any inconvenience this causes you.
We're here to help
If you have any questions about this or need assistance with your account, our highly trained client services team is available by phone or email 24 hours a day from 8am Saturday to 10pm Friday.

Kind regards

IG"

OK well that's very disappointing. I'm from Australia so I will have to find a another broker. Anyone have any recommendations ??

Link to comment
Guest DanielaIG

Hi all,

Just to give you some more information about why the decision has been made by IG to stop offering Cannabis stocks for share dealing clients:

IG has become aware of various financial institutions performing reviews of the regulatory and political implications of offering Cannabis stocks in the UK with a recreational link, and because of this and IG's own internal review the stocks listed above are no longer appropriate for IG's risk appetite. 

Therefore there has been a business decision to take action as quickly as possible but within the legal allowances detailed in IG's Customer Agreement. 

Regarding why we can continue to offer these stocks on leverage accounts, the reason is that there is additional certainty with regards to derivatives referencing the underlying stocks, and as IG uses swaps to hedge our clients' leveraged trades with us, we will not be engaged in the physical trading of recreational linked cannabis stocks.

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Recently, U.S. Senator Bill Hagerty from Tennessee spoke at the Bitcoin conference, stating his efforts to push for Bitcoin-supportive legislation to promote freedom and opportunity. This year, cryptocurrency has become a key battleground in the election campaigns. It remains to be seen whether future policies on cryptocurrency will improve.
    • The digital landscape is undergoing a profound transformation as attention, once a freely given commodity, is increasingly recognized as a valuable asset. Layer3 is at the forefront of this revolution, pioneering a new economy where attention can be owned, traded, and monetized   This innovative approach empowers individuals to monetize their engagement, providing unprecedented control over personal data. Simultaneously, advertisers benefit from transparent metrics that optimize campaign performance. Content creators are presented with diverse revenue avenues beyond traditional advertising, while the overall ecosystem experiences a more equitable distribution of value.   The implications of Layer3 extend across various sectors. Social media platforms, for instance, can leverage this technology to revolutionize user engagement and monetization strategies. Tokenomics play a crucial role in driving Layer3's economy, incentivizing participation and rewarding value creation. While challenges such as data privacy and market volatility exist, the potential benefits of Layer3 are immense   Anticipation is building as its native token $L3 is on Bitget Pre-market as users await its listing on the exchange. This milestone is expected to significantly increase the token's visibility and accessibility, potentially driving substantial growth and attracting new investors. As the countdown begins, the crypto community watches with keen interest, eager to see how Layer3 will perform in this new chapter.
    • I've been exploring the world of play-to-earn gaming recently, looking for something that's not just about endless grinding but actually offers a fun and rewarding experience. OGC really stood out to me because it combines gaming with a sense of community in a unique way. OGC isn't just a game; it's a platform where you can play, earn, and even help shape its future. You're not just a player; you're part of a community with a voice. The idea of earning crypto while playing games is exciting, but what makes OGC special is its focus on community involvement. Your feedback can directly influence the development of the game, which is a big deal. I've also heard that the OGC token is available for pre-market trading on Bitget. While I'm still getting to know the platform and its features, it's definitely something to keep an eye on. Has anyone else tried OGC? What has your experience been like? I'd love to hear your thoughts and any tips you might have.
×
×
  • Create New...
us