Canopy Growth Corp. says a consolidation of its shares on a one-for-10 basis is expected to become effective on Friday.
The post-consolidation shares are expected to start trading on the Toronto Stock Exchange and the Nasdaq at market open on Dec. 20, subject to final confirmation from the Toronto Stock Exchange and the Nasdaq.
The cannabis company says the consolidation was approved by shareholders at a meeting on Sept. 25.
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How The Ottawa Hospital uses AI tools to boost health outcomes and streamline clinical efficiency
Dr. Douglas Manuel says it all began with the Ottawa Ankle Rules algorithm, a set of clinical guidelines developed in the early 1990s by The Ottawa Hospital’s Dr. Ian Stiell
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Companies contending with the difficult process of dismissing an employee must be very careful about their actions, or face potentially serious legal consequences. Being proactive about maintaining accurate and detailed
It says the move is being implemented to ensure the company continues to comply with the listing requirements of the Nasdaq Global Select Market.
Shares in Canopy once traded for more than $60 per share, but have fallen significantly.
Canopy shares closed down eight cents at 93 cents on the Toronto Stock Exchange on Tuesday.
