Margin Requirements I agree Notgnu that if reverse consolidation brings share price above above $2 cdn it will qualify for margin.
My Canadian brokerage offers the following margin on TSX listings:
SP above $5 qualifies for 70%
SP above $3 qualifies for 50%
$2.01 to $3 qualifies for 40%
Less than $2 qualifies for Nil
Same terms for Nasdaq and NYSE
I will tell you from experience that it you have a concentrated single position say solely in NCU, many brokers will not offer margin or will greatly reduce.
Concentration become a huge red flag for most brokerages. I have a heavy concentration of 50% of my portfolio that had a share price of $15 and qualified for 70% based on above criteria but brokerage was concerned about concentration and reduce available margin to 25%.
On another occasion I held only one stock so 100% concentration and it qualified for 70% as outlined above but initially they denied margin due to concentration risk but I finally was able to get 12% versus 70%. If you are with one of the big 5 banks this will be a major issue hence why I use a smaller broker who are more flexible.