secwatch.observer — SEC 8-K summary
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Issuer:     Canopy Growth Corp (CGC)
CIK:        0001737927
Form:       8-K
Filed at:   2026-10-16T21:00:24+00:00
Accession:  0001104659-26-116639
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Canopy Growth receives Nasdaq minimum-bid notice; CGC below $1.00 for 30 days, cure deadline April 12, 2027
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737927/000110465926116639/0001104659-26-116639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737927/000110465926116639/tm2627754d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-116639

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