At least two large Canadian cannabis companies have been notified by the Nasdaq that their shares do not meet the stock exchange’s listing standards.
Quebec-based Hexo Corp. and Calgary-headquartered Sundial Growers said they both recently received notices from the Nasdaq that they are not compliant with the exchange’s continued listing standards.
The companies’ shares are listed on the Nasdaq as HEXO and SNDL, respectively.
In an emailed statement to MJBizDaily, a Hexo spokesperson said that “management is evaluating several options and will provide an update in due course.”
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