regulatory
confidence high
sentiment negative
materiality 0.60
Cronos Group receives Nasdaq delinquency notice for late Q3 10-Q; MCTO issued
Cronos Group Inc.
- Nasdaq notice, dated Nov 16, 2021, cites non-compliance with Listing Rule 5250(c)(1) for untimely Form 10-Q.
- Notice has no immediate impact on CRON common stock listing or trading on Nasdaq.
- Canadian securities regulators issued a management cease trade order (MCTO) on Nov 16, restricting trading by CEO and CFO.
- MCTO remains until two full business days after filing the overdue Q3 2021 10-Q.
- Cronos confirms no material change to prior disclosure and continues working to complete required filings.