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  • Avicanna Inc (TSX:AVCN) has ranked the highest in the SAM Corporate Sustainability Assessment of participating global cannabis companies.
  • The 2020 Sustainability Yearbook was published last month, showcasing the sustainability performance of the world’s largest companies.
  • Avicanna had the highest sustainability score out of all the cannabis companies in the yearbook.
  • Avicanna’s share price is down 1 per cent, with shares trading at $1.98 apiece.

Biopharmaceutical cannabis company Avicanna (AVCN) recently received a high ranking in the SAM Corporate Sustainability Assessment (CSA).

The CSA is part of a sustainability index family, which investors count as a prestigious benchmark for recognising sustainability in business.  

On January 30th, S&P Global published the 2020 Sustainability Yearbook. The Yearbook ranked the sustainability performances of some of the largest companies in the world.

Avicanna achieved the highest sustainability score out of all the cannabis companies listed in the Yearbook.

Since the cannabis industry is still young and emerging, there were only a few cannabis companies in the CSA this year. However, Avicanna still views this ranking as a great achievement. 

Avicanna CEO, Aras Azadian, spoke with pride about the ranking. “This year’s score will serve as a baseline for Avicanna as we intend to fulfil our vision of being a responsible and sustainable global company. […] We believe our score further validates our leadership position on that vision in the industry.”

The company hopes to continue proving their commitment to corporate governance, and sustainable, responsible practices in the cannabinoid sector.

Avicanna’s share price is down 1 per cent, with shares trading at $1.98 apiece.

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