Organigram In Search Of Investors And Enhanced Marketability: What's At Stake? What's Their Plan?
Portfolio Pulse from Nicolás Jose Rodriguez
Organigram Holdings (NASDAQ:OGI) plans to consolidate its shares on a 4-to-1 basis to maintain its NASDAQ listing, reduce volatility, and attract institutional investors. The company faces potential delisting due to falling below NASDAQ's minimum bid price requirement.
June 21, 2023 | 9:04 pm
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NEUTRAL IMPACT
Aurora Cannabis has undergone share consolidation to meet NASDAQ's minimum bid price and maintain its listing.
Aurora Cannabis is mentioned as an example of a cannabis company that has undergone share consolidation to maintain its NASDAQ listing. The news does not directly impact Aurora Cannabis's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Hexo Corp. has undergone share consolidation to meet NASDAQ's minimum bid price and maintain its listing.
Hexo Corp. is mentioned as an example of a cannabis company that has undergone share consolidation to maintain its NASDAQ listing. The news does not directly impact Hexo Corp.'s stock price in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Organigram Holdings plans a 4-to-1 share consolidation to maintain its NASDAQ listing and attract institutional investors.
The share consolidation is aimed at maintaining Organigram's NASDAQ listing and attracting institutional investors. While this move may help the company avoid delisting, it is uncertain how it will impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Canopy Growth Corp. was recently removed from the benchmark S&P/TSX Composite Index.
Canopy Growth Corp. is mentioned as a cannabis company that was recently removed from the S&P/TSX Composite Index. This removal may have a negative impact on the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50