Canopy Growth Corp (WEED)

[apostrophe]

"F" in this case means "Foreign".

I think at one time foreign stocks could only be bought indirectly through ADR's (American Depository Receipts) which have a "Y" now.

Now, the TWMJF shares are "ORD's" (Ordinary shares). I believe they are actual shares bought through a broker in the foreign country e.g. on the Canadian exchange, and then held by your broker in this country after being adjusted for currency exchange rate. Stocks that can't trade on a major US exchange (not in the club, we'll say, yet, for Canopy) can still trade Over The Counter so long as there is at least one market maker, but they have to get an OTC ticker symbol. Sometimes it seems like the MM gets lazy or asleep, generally there aren't too many on OTC anyway so one needs to check the price on the Canadian side (and convert) before placing an order. Investors can basically trade amongst themselves on this side when the bid/ask coincides. Lack of MM participation though is the main reason for the low volume and wide spreads.

It's my understanding though that the ORD's are actual shares such that you could receive them as certificates if you wanted to.
The thing I don't know, if somebody did that, you would probably have check that ominous box on the income tax form "Do you own any foreign companys.." Don't know what would happen, whether black SUV's would show up, or what. :)