Canopy Growth Corp (CGC) Form 8-K — Oct 16, 2026
Canopy Growth received a Nasdaq deficiency notice on October 14, 2026 because its closing bid price was below $1.00 for 30 consecutive business days, violating the Minimum Bid Price Requirement. The notice has no immediate effect on trading. The company has 180 days, until April 12, 2027, to regain compliance by closing at or above $1.00 for ten consecutive business days, and may transfer to the Nasdaq Capital Market for a second 180-day period if needed. Canopy has a pending shareholder proposal, to be voted on at the reconvened October 23, 2026 annual meeting, for a reverse stock split at a ratio of 1-for-5 to 1-for-15.
Key figures
- Minimum bid price
- $1.00
- Compliance deadline
- 2027-04-12
- Compliance period days
- 180
- Reverse split ratio range
- 1:5 to 1:15
- Deficient consecutive days
- 30
- Annual meeting reconvened date
- 2026-10-23
AI analysis
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