September 27th - $GLOBAL HEMP GROUP INC (GBHPF.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 28th, 2023.
$GLOBAL HEMP GROUP INC (GBHPF.US)$ rose 5.56% and closed at $0.0038 on September 26th with a turnover of $262.24. $GLOBAL HEMP GROUP INC (GBHPF.US)$ now has a total market capitalization of $1.36 million.
What Is a Reverse Stock Split?
A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.