RE:RE:RE:The Pop is Due to Schumer's Statement On SAFE+Canopy poped .81, Expect Canopy to be shorted ;
2022-10-28 A Canadian Press dispatch to the Post reports that Canopy said the Nasdaq has objected to it consolidating its U.S. financial results should it close on the acquisitions of U.S. companies Wana, Jetty or the fixed shares of Acreage. Canopy said it will create holding company Canopy USA to hold cannabis investments south of the border. Canopy, which is also listed on the TSX, said it disagrees with the Nasdaq's objection and thus has no assurance that it will remain listed on any stock exchange it is currently on. It says there is also no assurance it will be able to satisfy the conditions to list on an alternative exchange, if it incurs a delisting. Its proxy filing says its Nasdaq and TSX listings prohibit it from investing in businesses in the U.S. pot market until U.S. laws change or until it lists on an alternative exchange that allows investments in such businesses. Canopy says it believes it is complying with applicable laws and regulations, but understands the Nasdaq's concerns.