TORONTO -- The upstart NEO Exchange scored its first billion-dollar corporate listing today with U.S. medical cannabis producer Columbia Care.

The New-York based cultivator, manufacturer and dispensary operator made its debut with a market capitalization of more than $2-billion.

The exchange says it is the first company to list on the NEO with an enterprise value of over $1 billion.

Columbia Care trades under the symbol CCHW.

The listing marks a milestone for the NEO Exchange, which launched in mid-2015 and whose owners and investors include BCE Inc. and the OMERS pension plan.

The NEO says it now represents close to 10 per cent of all volume traded in Canadian-listed securities, including a growing number of cannabis-industry companies.

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