More investors than ever before want to know, “How do I buy stocks on the NEO Exchange?” It’s a good question, as more companies are getting listed on the NEO.
Today, we’re going to look at what the NEO Exchange is, cannabis companies that have listed on it, and how to sign up for the NEO Exchange.
Let’s start off by looking at its history.
The History of the NEO Exchange
The NEO Exchange launched in mid-2015 with the stated purpose of putting investors, dealers, and capital-raising companies, first.
According to NEO’s website, it represents nearly 10% of the volume traded for all Canadian-listed securities.
Terry Mack is the CFO, and he has over 20 years of financial experience. Joacim Wiklander is the COO, and he is responsible for driving all strategic initiatives. Jos Schmitt is one of the founders of the NEO, and he is currently the CEO. Vincent Chahley, Perry Dellelce, Alan Hutton, Susan Jenah, Dave Lauer, John O’Connell, David Pauli, Etienne Phaneuf, and Donald Ross are all board members of the NEO Exchange.
Owned by Aequitas Innovations, the exchange is backed by the Royal Bank of Canada and Barclays Corp.
What Happens When a Company Migrates to the NEO Exchange?
For shareholders, nothing will change if the company you own migrates to the NEO Exchange.
Your position in a company will stay the same as it is migrating.
Also, trading of the company’s stock will be uninterrupted as the company moves to the new exchange.
Fees on the NEO Exchange
Like most exchanges, NEO has a set of fees associated with trading.
You can find out everything you need to know about the fees right here.
Should I Buy Stocks on the NEO Exchange?
Whether you should buy stocks on the NEO exchange is up to you.
If a company is only listing on the NEO Exchange and you really believe in it, then trading on the exchange would make sense.
If you wanted to wait and see if a company would trade on over-the-counter markets or eventually get listed on the Nasdaq or NYSE, that’s another choice that only each individual investor can make.
Now, we’re going to show you how to buy stocks on the NEO Exchange…
Buying Stocks on the NEO Exchange
To buy and sell stocks on the NEO, you will need a brokerage platform or full service dealer that allows you to trade on Canadian exchanges – the TSX, TSXV, and CSE.
Registered dealers in Canada can provide clients access to the exchange.
For non-Canadian investors, you will need to find a broker that allows you to trade on Canadian exchanges, and you will need to confirm with them that you can buy stocks on the NEO.
While these are not recommendations for brokers, we wanted to share services non-Canadian investors can look into.
We hope this has been helpful and can put you on the path to making money.
To your investing success,
The National Institute for Cannabis Investors
19 responses to “How to Buy Stocks on the NEO Exchange”
July 11 2019