Matica Enterprises Announces 30 To 1 Reverse Split

Matica Enterprises (CSE: MMJ) is the latest cannabis-related firm to conduct a share consolidation. Also known as a reverse split, it was announced this morning that the company would be looking to significantly reduce its outstanding share count.

Approved via a directors resolution, the company indicated it will be conducting a 30 to 1 reverse share split, meaning shareholders will receive one post consolidation share for every 30 pre consolidation share held.

Post consolidation, Matica anticipates having 10.7 million common shares outstanding. No fraction shares are to be issued in connection with the consolidation.

Justification for the consolidation was not provided, nor was a timeline for the implementation of the reverse split.

Matica Enterprises last traded at $0.025 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

BRIEF: Matica Enterprises – Simply Put, We Were Wrong

Sometimes, you have to concede defeat to a worthy contender. Today, that is what we...

Wednesday, November 29, 2017, 07:00:31 AM

Matica Enterprises: Just the Facts, Jack

Matica Enterprises Inc (CSE: MMJ) is a company that has a polarizing effect on industry...

Sunday, February 11, 2018, 11:00:18 AM

Matica Enterprises: A Licensed Producer

Matica Enterprises (CSE: MMJ, OTCMKTS: MQPXF) investors had an excellent ACMPR Friday with the news...

Monday, October 15, 2018, 01:00:44 PM

BRIEF: Matica Enterprises Shares to Become Free Trading

Matica Enterprises (CSE: MMJ) is not a new name for many that have been involved...

Saturday, November 4, 2017, 03:55:22 PM