| OAKVILLE, ON, Dec. 1, 2017 - Concordia International Corp. ("Concordia" or the "Company") (NASDAQ: CXRX) (TSX: CXR), an international specialty pharmaceutical company focused on becoming a leader in European specialty, off-patent medicines, today announced that on November 29, 2017, it received an initial notification letter from the Listing Qualifications Department of the NASDAQ Global Select Market ("Nasdaq") notifying the Company that it had 180 days to regain compliance with the minimum bid price requirement set forth in Nasdaq's continued listing rules. Nasdaq's continued listing rules require that listed securities maintain a minimum bid price of US$1.00 per share, and that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Company's common shares traded below a bid price of US$1.00 for 30 consecutive business days from October 17, 2017, to November 28, 2017. As a result, the Company does not currently meet the minimum bid price requirement. The Company's common shares remain listed on Nasdaq and Concordia has until May 29, 2018, to regain compliance with the minimum bid price requirement to maintain the listing. To regain compliance with the minimum bid price requirement, the Company's common shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance with the minimum bid price requirement by May 29, 2018, Concordia has the option to apply to Nasdaq for additional time to regain compliance. The Company's common shares are also listed on the TSX and the initial notification letter is unrelated to Concordia's continued listing on the TSX. |