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Poseidon Concepts Corp.’s unique oil-field services product was soon copied by others.
Poseidon Concepts Corp.’s unique oil-field services product was soon copied by others.
(JASON FRANSON For The Globe and Mail)

Poseidon Concepts dropped from TSX

Editor's note: An earlier version of this post incorrectly stated that Poseidon’s shares will be de-listed Thursday. This version is correct.

Poseidon Concepts Corp., once one of the S&P/TSX Composite Index’s hottest stars, will no longer be listed in Canada.

After a review, the TSX ruled that Poseidon’s shares should no longer be listed because the company does not meet the exchange’s listing requirements. The move comes roughly two months after the stock was cease traded by the Alberta Securities Commission. The stock will be delisted on May 17.