On July 11, 2023, Canopy Growth Corporation Was Informed By The Nasdaq That It Is Not In Compliance With Listing Rule 5450(A)(1) Due To Company's Common Shares Closing Bid Price Being Below $1.00 Per Share For 30 Consecutive Business Days
Portfolio Pulse from Charles Gross
Canopy Growth Corporation (CGC) has been notified by the Nasdaq that it is not in compliance with Listing Rule 5450(A)(1) due to its common shares closing bid price being below $1.00 per share for 30 consecutive business days.
July 14, 2023 | 10:35 am
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Canopy Growth Corporation's stock is at risk of being delisted from the Nasdaq due to non-compliance with the exchange's minimum bid price rule.
The Nasdaq Listing Rule 5450(A)(1) requires listed companies to maintain a minimum bid price of $1.00 per share. Canopy Growth Corporation's failure to meet this requirement for 30 consecutive business days puts it at risk of being delisted, which could negatively impact its stock price.
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