Nasdaq This is the Nasdaq process
Week 1. Company submits application for listing and Nasdaq Listing Qualifications Staff begins its review
Weeks 2-3. Staff completes its preliminary review and prepares comment letter
Weeks 3-4. Company addresses any issues raised by Staff
Weeks 5-6. Staff completes their review and company is approved for listing
HITI applied December 9th. So that was 6 weeks and 3 days ago. However if they slowed down or seized working on the application during the holiday then you could remove 2 weeks from the time passed. Arguably 4 weeks and some days have passed
During the January 14th interview Raj said "...we submitted our application on december 9th and we've started receiving comments already..."
That would be 5 weeks (or 3 weeks if you believe 2 weeks were lost to holidays) after submitting application that High Tide would start getting comments from Nasdaq. On par with Nasdaqs own prediction
With the risk of sounding like a 2012 doomsday predictor I would put the 6 week mark at February 3rd. Load up before the world ends
During the interview Raj doesn't say "if we get listed" instead saying "when we get listed". Raj is sure about this Nasdaq thing
Btw the required stock price is $4usd/$4.80cad and not 3/3.80 as has been stated before
source :
https://listingcenter.nasdaq.com/assets/initialguide.pdf A lot of ppl asking about catalysts well here are the catalysts identified by Raj himself
1. U.S. federal legalization
2. Ontario lifting cap on number of licenses
3. More provinces (other than Sask) allowing for a change in the distribution model allow retailers to buy product directly from licensed producers (this point was stressed a lot by Raj)
4. Ontario and other provinces making deliveries permanent