Zinger Key Points
- Canopy Growth has announced that its share consolidation is expected to become effective on Dec. 15.
- "By implementing this share consolidation, Canopy Growth expects to regain compliance with the Nasdaq's bid requirement," the company said.
- Get stock picks, daily rankings, and pro-level trading tools in one powerful platform—now 60% off for Memorial Day.
Canopy Growth Corp CGC shares are trading lower Wednesday after the company announced the effective date for a share consolidation.
What Happened: Canopy Growth said its board approved a share consolidation on a 1 for 10 basis in an effort to regain compliance with Nasdaq listing requirements. The consolidation was approved by shareholders at the annual meeting on Sept. 25.
The consolidation is expected to become effective on Dec. 15. Shareholders are set to receive one post-consolidation share for every 10 pre-consolidation shares held. The post-consolidation shares will commence trading at the market open on Dec. 20.
"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," said Judy Hong, chief financial officer of Canopy Growth.
See Also: Tilray's Solei Takes Tea To A New Level With Three Premium Cannabis-Infused Blends
CGC Price Action: Canopy Growth shares were down 12.3% at 60 cents at the time of publication, according to Benzinga Pro.
Photo: 7raysmarketing from Pixabay.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!
