By Adriano Marchese

Shares in Toronto were virtually flat midday Monday as gains in retail trade stocks were offset by losses in the commercial services and electronic technology industries. Cannabis company Valens Co. shares were higher after it said it will be able to sell its products in Quebec as early as the beginning of 2022.

Canada's S&P/TSX Composite Index rose 0.05% at 20938.72 while the blue-chip S&P/TSX 60 was up by a slightly higher rate of 0.15% to 1258.28.

Shares in Valens Co. were 1.6% higher at C$1.93 after the cannabis company announced that it will enter the Quebec marketplace after signing a preliminary commitment with the provincial cannabis distributor there.

Other market movers:

High Tide Inc. stock rose to C$7.15 a share, an increase of 2.6%, after it said it secured a revolving loan for up to 25 million Canadian dollars, or around US$20.2 million.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

10-18-21 1218ET