Akanda Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Akanda Corp. has received a notification from Nasdaq regarding a minimum bid price deficiency. The company's common stock has not met the minimum bid price of $1.00 per share for the last 30 consecutive business days.
July 06, 2023 | 8:21 pm
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Akanda Corp. has been notified by Nasdaq for not meeting the minimum bid price requirement. This could potentially lead to delisting if not rectified within the grace period.
Akanda Corp.'s stock price has been below the Nasdaq's minimum bid price requirement for 30 consecutive business days. If the company fails to meet this requirement within the grace period, it could face delisting. This negative news could put downward pressure on the stock in the short term.
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