Curaleaf Set to Join S&P/TSX Composite Index

STAMFORD – Curaleaf Holdings, Inc. announced it has been selected for inclusion to the S&P/TSX Composite Index later this month, marking it as the initial U.S.-headquartered company in the sector to achieve this status.

The move stems from the latest quarterly review by S&P Dow Jones Indices, which oversees the benchmark tracking around 250 of Canada’s largest publicly traded firms by market capitalization.

The inclusion takes effect before trading begins on September 22, 2025, placing Curaleaf in the Health Care category under pharmaceuticals. This adjustment also adds four mining companies like Aris Mining Corporation, Discovery Silver Corp., Perpetua Resources Corp., and Skeena Resources Limited while removing Enghouse Systems Limited and Pason Systems Inc. Curaleaf, which listed on the Toronto Stock Exchange in December 2023, now stands as the only Cannabis firm in the index following the rebalance.

Company executives view the step as a boost to its profile among investors. Boris Jordan, Curaleaf’s founder, chairman and CEO, described it as validation of the sector’s potential and a way to draw more institutional capital, especially with possible shifts in U.S. regulations on the horizon. Recent social media activity from Curaleaf’s investor relations team and Jordan himself echoed this sentiment, highlighting expanded access to North American markets.

From a market perspective, entry into the index often leads to automatic purchases by exchange-traded funds and mutual funds that mirror it, potentially lifting share demand. Curaleaf’s stock, trading under CURA on the TSX and CURLF over the counter in the U.S., has seen fluctuations tied to industry challenges like federal restrictions and competition. Yet this development could signal greater mainstream integration for Cannabis operators, provided they meet criteria for size, liquidity, and profitability. Analysts note that while the index focuses on Canadian listings, Curaleaf’s U.S. operations (spanning cultivation, retail, and brands like Select and Grassroots) position it uniquely amid ongoing debates over legalization. Eventually, this addition underscores a measured advance for Cannabis in traditional finance channels.

Highly Capitalized Network will observe how this achievement influences Curaleaf’s overall performance and if it paves the way for peers. However, sustained growth requires clearer policy frameworks across borders.