Canopy Growth Corp. (NASDAQ:CGC) has received a non-compliance notice from NASDAQ due to its shares' closing bid price remaining below $1 per share for 30 consecutive business days. The company has been granted a 180-day period to regain compliance. To address this, Canopy Growth plans to seek approval for a share consolidation plan and may consider a reverse stock split. The company has also entered into agreements to reduce its total debt by approximately $437 million over the next six months.