Canadian Cannabis Producer C21 Launches Share Buyback, Citing Undervalued Stock Price
Vertically integrated cannabis company C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) announced on Tuesday it will repurchase roughly 5% of its issued and outstanding common shares in order to cancel it.The Canadian cannabis company may buy up to 6,002,390 of its common shares under a normal course issuer bid and cancel them upon their purchase. Vertically integrated cannabis company C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) announced on Tuesday it will repurchase roughly 5% of its issued and outstanding common shares in order to cancel it.
What Happened
The Canadian cannabis company may buy up to 6,002,390 of its common shares under a normal course issuer bid and cancel them upon their purchase.
The buyback program will run for a year, starting Monday, Dec. 2, 2024, using cash on hand for purchases.
