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NASDAQ granted Canadian marijuana company sundial an extension to regain compliance

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Sundial growers (sndl), a marijuana producer based in Calgary, Alberta, was granted a 180 day extension to re comply with the minimum purchase price requirements of the Nasdaq market. This means that the price of its common stock must close at $1 or more for at least 10 consecutive trading days. Sundial is one of four Canadian marijuana companies that are considered not to meet the criteria for continuous listing on the exchange. Quebec based cannabis companies hexo Corp. (hexo) and Neptune wellness solutions (nept) have also been warned by the stock exchange that they may face delisting. Toronto based Cronos group (cron) is currently on the list of non compliant companies due to regulatory filing issues.


Source: mjbizdaily com