Canopy Growth To Consolidate Shares To Meet NASDAQ Requirements
on one post-consolidation common share for every ten pre-consolidation common shares. The consolidation, which has been previously approved by the company's shareholders at their annual general and special meeting of shareholders 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 Smiths Falls, Ontario-based company said in a press release. 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.