TORONTO — The TMX Group says the winner of a lottery conducted by several exchanges for the right to use the “POT” stock symbol is a currently-listed company, which was selected out of roughly 40 eligible ballots.
A spokeswoman for the group, which operates the Toronto Stock Exchange and TSX Venture exchange, says it will not disclose the winner or what industry it was in as it is up to the selected company to make an announcement.
The random lottery was conducted today by the Toronto Stock Exchange, TSX Venture exchange, along with the Canadian Securities Exchange and the Aequitas NEO Exchange, prompted by “significant demand” for the catchy stock symbol.
Currently listed firms and companies looking to list had the opportunity to enter the lottery but ETF providers, however, were not eligible to participate.
The POT symbol became available after fertilizer Potash Corp. officially merged with Agrium Inc. in early 2018 to become Nutrien Ltd., which now trades under NTR.
The ticker will become available for reservation and usage as of Feb. 1, 2019, but the winner will have 90 days to change its symbol over to POT.