Canopy Growth To Consolidate Shares To Meet NASDAQ Requirements
Canopy Growth To Consolidate Shares To Meet NASDAQ Requirements
Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced on Wednesday that its board of directors has approved the consolidation of its issued and outstanding common shares based on one post-consolidation common share for every ten pre-consolidation common shares.
Canopy Growth Corporation（多倫多證券交易所股票代碼：WEED）（納斯達克股票代碼：CGC）週三宣佈，其董事會已批准合併後每十股合併前普通股獲得一股合併後普通股進行合併。
The consolidation, which was previously approved by shareholders at their annual general and special meeting on Sept. 25, is being implemented to ensure that the company continues to comply with the listing requirements of the Nasdaq Global Select Market, the Ontario-based company said in a press release.
這家總部位於安大略省的公司在一份新聞稿中表示，此次合併此前已在9月25日的年度股東大會和特別會議上獲得股東批准，旨在確保公司繼續遵守納斯達克全球精選市場的上市要求。
Now, the consolidation is subject to approval by the Toronto Stock Exchange (TSX) and is expected to become effective on Friday, Dec.15, with the post-consolidation common shares commencing trading on the TSX and the Nasdaq at market open on Wednesday, Dec. 20, subject to final confirmation from the TSX and the Nasdaq.
現在，合併尚待多倫多證券交易所（TSX）的批准，預計將於12月15日星期五生效，合併後的普通股將於12月20日星期三開盤時在多倫多證券交易所和納斯達克開始交易，尚待多倫多證券交易所和納斯達克的最終確認。
"By implementing this share consolidation, Canopy Growth expects to regain compliance with the Nasdaq's bid requirement and further support the marketability of the Company's shares," Judy Hong, the company's CFO said.
該公司首席財務官朱迪·洪表示：“通過實施此次股票合併，Canopy Growth預計將重新遵守納斯達克的出價要求，並進一步支持公司股票的適銷性。”
It is anticipated that upon completion of the consolidation, the post-consolidation common shares will continue to trade on the TSX under the symbol "WEED" and on the Nasdaq under the symbol "CGC."
預計整合完成後，合併後的普通股將繼續在多倫多證券交易所上市，代碼爲 “WEED”，在納斯達克上市，股票代碼爲 “CGC”。
Background
背景
Canopy received a non-compliance notice from the NASDAQ due to its shares' closing bid price remaining below $1 per share for 30 consecutive business days in July. However, the company was granted 180 days to regain compliance.
Canopy收到了納斯達克的違規通知，原因是其股票在7月份連續30個工作日的收盤價保持在每股1美元以下。但是，該公司獲准在180天內恢復合規。
Canopy Growth found a bottom near the 38-cent mark throughout July and August before rebounding in September.
在整個7月和8月，Canopy Growth在38美分附近觸底，然後在9月反彈。
The company's stock traded 10.2321% lower at $0.615 per share during the pre-market session on Wednesday morning.
在週三上午的盤前交易中，該公司的股票下跌10.2321％，至每股0.615美元。
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譯文內容由第三人軟體翻譯。