Hexo Corp. says the Nasdaq Stock Market LLC has informed the cannabis company that it has regained compliance with minimum bid price requirements.
Gatineau, Que.-based Hexo became non-compliant with the requirement when its closing bid price for common shares listed on the Nasdaq dropped below US$1 for 30 consecutive trading days.
The company says it received a notice from Nasdaq on Jan. 19 that it has regained compliance after its shares closed at or greater than the US$1 per share minimum requirement for the last 10 consecutive business days.
OBJ360 (Sponsored)
Best Offices Ottawa: Burovision’s new downtown showroom redefines the modern workplace
Amid the maze of grey, boxy office spaces in downtown Ottawa lies an oasis of good design that brings the outdoors in and creates a welcoming and flexible environment for
Kingston emerges as climate tech hub with UK-based UNDO’s carbon removal initiative
Kingston, Ontario is establishing itself as a climate tech pioneer with the arrival of UNDO, a multinational corporation that is forging a path with its carbon removal solutions. UNDO, an
Hexo’s shares closed Thursday at US$1.49, up from about 50 cents US a year ago when Nasdaq issued the non-compliance notice.
Charlie Bowman, CEO of Hexo, says the market is starting to recognize the strides the company has made this year to position Hexo for long-term success.
He says the company has kept a tight focus on resetting the organization for profitable growth and remains dedicated to delivering a premium cannabis experience.
