Shares will be consolidated at a 1 for 10 ratio
Action expected to allow the Company to regain compliance with Nasdaq minimum bid price requirement
SMITHS FALLS, ON, Dec. 13, 2023 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company“) (TSX: WEED) (Nasdaq: CGC) announced today that the Company’s board of directors has approved the consolidation (the “Consolidation“) of the Company’s issued and outstanding common shares (the “Common Shares“) on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares. The Consolidation is being implemented to ensure that the Company continues to comply with the listing requirements of the Nasdaq Global Select Market (the “Nasdaq“).
The Consolidation was approved by the Company’s shareholders at the annual general and special meeting of shareholders held on September 25, 2023. The Consolidation is subject to approval by the Toronto Stock…
