regulatory
confidence high
sentiment negative
materiality 0.60
Canopy Growth receives Nasdaq minimum-bid notice; CGC below $1.00 for 30 days, cure deadline April 12, 2027
Canopy Growth Corp
- Nasdaq notified Canopy on Oct 14, 2026 that CGC closed below $1.00 for 30 consecutive business days, violating Listing Rule 5450(a)(1); no immediate trading effect.
- Company has 180 days, until April 12, 2027, to regain compliance; bid price must be at least $1.00 for a minimum of 10 consecutive business days.
- Reverse split of 1-for-5 to 1-for-15 is up for a shareholder vote at the annual meeting reconvened Oct 23, 2026 after a Sept 25 quorum failure.
- Any reverse stock split must be completed no later than 10 business days before the Compliance Period expires to cure the deficiency.
- If it fails, Canopy may seek a second 180-day period by moving to the Nasdaq Capital Market; the letter does not affect its Toronto Stock Exchange listing.