Other Events ·
Nasdaq notifies Canopy Growth of non-compliance with the $1.00 minimum bid price rule
CGCCanopy Growth Corp
Canopy Growth Corporation received written notice from Nasdaq that its common shares have traded below $1.00 per share for 30 consecutive business days, triggering a deficiency under Listing Rule 5450(a)(1). The company has until April 12, 2027, to restore compliance by maintaining a closing bid price of at least $1.00 for ten consecutive trading days. Canopy Growth may also pursue a reverse stock split with a ratio between one-for-five and one-for-fifteen, subject to shareholder approval at the reconvened annual meeting on October 23, 2026. The company operates in the cannabis industry.