Weekend Unlimited wins lottery for POT symbol

The chief executive of cannabis company Weekend Unlimited Inc. says winning the POT stock ticker lottery was a “wonderful surprise” for the small company, which is hoping the catchy symbol will help it stand out in the sector.

After being selected in the lottery conducted by several stock exchanges, Vancouver-based Weekend plans to switch its ticker on the Canadian Securities Exchange from YOLO to POT as early as Monday.

“I’ve never won the lottery, so this is a first ... This is our lucky day,” Paul Chu said.

The lottery was held by the Toronto Stock Exchange, TSX Venture Exchange, along with the Canadian Securities Exchange and the Aequitas NEO Exchange, due to “significant demand” for the catchy stock symbol.

POT became available after Potash Corp. merged with Agrium Inc. in early 2018 to become Nutrien Ltd., which now trades under NTR.