That Nasdaq listing minimumis over-rated imo. US investors found their way to buying Federally illegal shares of all of the pot companies.
I remember the switch from the NYSE listing for fear of losing your listing if you touched the product. How protectionist and stupid.
And if we lose our listing on the Nasdaq those investors will have to come to the CSE junior which I have designated as the Cannabis exchange, where it is legal to own, buy, sell shares of cannabinoid companies that touch the product.
Canopy could let this land where it lands and if it can only be traded on the CSE, so be it. Almost every US marijuana company was listed on the CSE initially while the US exchanges struggled with their own consciences of whether they would allow the listings or not.
It seems that they are reliant on the handshake deal by the Feds to let the pro-pot States administer their own justice, banking too and brokering pot shares.
The Nasdaq can survive without this new industry.
That is why I am losing faith in our team that they are putting shareholders first and keeping them informed.
Instead it looks like they are trying to run this into the true penny range for control or winding up with anything left that is worthwhile.
The stock markets provided financing for investors when the other options dried up but sadly this type of behavior caused by shortselling and fearmongering and of course reverse splits that are harbingers of a failing company (in my eyes).
Losing a Nasdaq listing isn't any reason as long as it can be traded somewhere.
This behavior by business management kills companies of potential and takes value from honest investors and puts it in the jeans of big money and anyone else that doesn't have a conscience or integrity.
Short selling should be illegal and so should consolidations. Those things are a fatcat playground for those that can afford to gamble that way but with a stacked deck because of coercion, insider information and greed!
glta and dyodd
ps. Vote no!