I went back to the previous holiday of July 1st to get a sense of what happens. I used WEED/CGC instead of MTLO/DRKOF because there wasn't enough data/info to get an understanding of those.
Just my opinion, but when a dual exchange ticker has a holiday, the next trading day one of the tickers will gap up/down to reflect the current currency rate.
So since WEED is off on Monday, on Tuesday, WEED should gap up/down based on 2 things: CGC's Monday closing price and Tuesday's USD/CAD currency rate which changes frequently.
(Just had a flashback of when I wanted to do FOREX trading...lol)
So I've come to the conclusion that there are no advantages that a trader can take advantage of when dealing with dual exchange tickers when it comes to holidays. No one can determine which ticker of the two tickers will gap up/down or by how much...at least not in real-time.
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