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Nasdaq opposes Canopy Growth's plan to consolidate U.S. revenues

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The Nasdaq stock exchange opposes Canopy Growth's plan to eventually consolidate the financial results of Canopy USA, according to the Canadian company's regulatory filing with the U.S. Securities and Exchange Commission. Canopy announced a plan Tuesday to accelerate its entry into the U.S. market by launching Canopy USA, which would acquire three U.S. cannabis businesses once Canopy agreed to acquire these businesses once recreational marijuana is legal across the United States. The companies include New York-based multi-state operator Acreage Holdings, California extractor Jetty Extracts and Colorado-based cannabis food maker Wana Brands. wrote in a report to investors that Canopy's filing suggests that the company's continued listing on the Nasdaq and Toronto Stock Exchange may be uncertain. "Nasdaq is effectively opposed to the structure and Canopy has indicated a risk of delisting," the analyst wrote.


Information source: new.qq.com/omn/author/8713560