The Toronto Raptors are a Canadian professional basketball team based in Toronto, Ontario. The Raptors compete in the National Basketball Association (NBA), as a member club of the league's Eastern Conference Atlantic Division. The team was established in 1995, along with the Vancouver Grizzlies, as part of the NBA's expansion into Canada. After the Grizzlies relocated to Memphis to become the Memphis Grizzlies in 2001, the Raptors became the only Canadian-based team in the NBA. They originally played their home games at SkyDome (later renamed Rogers Centre in 2005), before moving to the Scotiabank Arena (originally named the Air Canada Centre) in 1999.

Choose your answer: Is the following statement correct based on the text

are the raptors the only canadian nba team

Options:
(A). no.
(B). yes.
(A).